Frederick Financial Consultants LLC Makes New $875,000 Investment in Alphabet Inc. (NASDAQ:GOOG)

Frederick Financial Consultants LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,595 shares of the information services provider's stock, valued at approximately $875,000.

Several other large investors have also recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC boosted its stake in shares of Alphabet by 6.8% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock worth $3,094,000 after acquiring an additional 1,041 shares in the last quarter. North Forty Two & Co. acquired a new stake in Alphabet in the 4th quarter worth approximately $281,000. SageView Advisory Group LLC grew its holdings in Alphabet by 140.6% during the fourth quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider's stock valued at $2,806,000 after purchasing an additional 8,610 shares during the last quarter. Requisite Capital Management LLC acquired a new position in Alphabet during the fourth quarter valued at approximately $927,000. Finally, Nordea Investment Management AB lifted its stake in shares of Alphabet by 10.9% in the fourth quarter. Nordea Investment Management AB now owns 7,184,399 shares of the information services provider's stock worth $1,384,039,000 after buying an additional 704,875 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Rosenblatt Securities reiterated a "neutral" rating on shares of Alphabet in a report on Wednesday, March 19th. Benchmark reiterated a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush reissued an "outperform" rating and set a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Oppenheimer lifted their price objective on Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Finally, Citizens Jmp cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and an average price target of $210.88.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares of the company's stock, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 148,163 shares of company stock valued at $25,361,647 in the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOG stock traded down $2.14 during trading on Friday, reaching $153.36. 19,461,666 shares of the company's stock were exchanged, compared to its average volume of 19,427,163. The stock has a market capitalization of $1.87 trillion, a PE ratio of 19.05, a PEG ratio of 1.34 and a beta of 1.04. The firm's fifty day moving average price is $167.16 and its 200-day moving average price is $177.55. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.52%. Alphabet's payout ratio is currently 9.94%.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.