Guardian Partners Inc. Takes Position in Alphabet Inc. (NASDAQ:GOOG)

Guardian Partners Inc. acquired a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,665 shares of the information services provider's stock, valued at approximately $2,475,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $27,000. Weiss Asset Management LP acquired a new position in shares of Alphabet in the third quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Alphabet in the third quarter valued at $33,000. Noble Wealth Management PBC acquired a new stake in shares of Alphabet during the fourth quarter valued at $43,000. Finally, FPC Investment Advisory Inc. increased its position in Alphabet by 287.9% during the 4th quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider's stock worth $46,000 after purchasing an additional 167 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the transaction, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 200 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock worth $17,374,274 in the last 90 days. 12.99% of the stock is owned by corporate insiders.

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Alphabet Stock Down 3.3 %

NASDAQ GOOG traded down $5.65 on Wednesday, reaching $167.14. The company had a trading volume of 22,486,532 shares, compared to its average volume of 17,846,588. The firm has a market capitalization of $2.04 trillion, a PE ratio of 20.76, a P/E/G ratio of 1.34 and a beta of 1.03. The firm has a 50-day moving average of $183.56 and a 200-day moving average of $178.44. Alphabet Inc. has a 1 year low of $148.20 and a 1 year high of $208.70. 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 (NASDAQ:GOOG - Get Free Report) last announced its 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%. On average, equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Oppenheimer upped their target price on shares of Alphabet from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Benchmark reiterated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Finally, Scotiabank upped their target price on Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $209.13.

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.