3,338 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by GKV Capital Management Co. Inc.

GKV Capital Management Co. Inc. bought a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,338 shares of the information services provider's stock, valued at approximately $636,000.

Several other hedge funds have also recently made changes to their positions in GOOG. Fiduciary Advisors Inc. purchased a new stake in shares of Alphabet during the fourth quarter worth $27,000. LSV Asset Management purchased a new stake in Alphabet during the 4th quarter worth about $27,000. WealthTrak Capital Management LLC bought a new position in Alphabet in the 4th quarter worth about $38,000. Mountain Hill Investment Partners Corp. bought a new position in Alphabet in the 4th quarter worth about $39,000. Finally, Noble Wealth Management PBC purchased a new position in Alphabet during the 4th quarter valued at about $43,000. 27.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GOOG has been the subject of several recent analyst reports. UBS Group reduced their price objective on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Westpark Capital started coverage on Alphabet in a research report on Tuesday, April 1st. They issued a "buy" rating and a $210.00 price objective on the stock. Wedbush restated an "outperform" rating and set a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. Finally, KeyCorp lowered their price target on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $210.88.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction dated 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 owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,163 shares of company stock worth $25,361,647. 12.99% of the stock is currently owned by company insiders.

Alphabet Trading Down 1.4 %

Alphabet stock traded down $2.14 during trading hours on Friday, reaching $153.36. The company had a trading volume of 19,461,666 shares, compared to its average volume of 19,427,163. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The company has a 50-day moving average price of $167.16 and a 200 day moving average price of $177.55. The firm has a market cap of $1.87 trillion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 1.34 and a beta of 1.04.

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

Alphabet Dividend Announcement

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

Alphabet Company Profile

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.