Hobbs Group Advisors LLC Grows Holdings in Alphabet Inc. (NASDAQ:GOOG)

Hobbs Group Advisors LLC grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 66.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,904 shares of the information services provider's stock after purchasing an additional 2,360 shares during the quarter. Hobbs Group Advisors LLC's holdings in Alphabet were worth $1,124,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. GPS Wealth Strategies Group LLC boosted its holdings 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 buying an additional 1,041 shares in the last quarter. North Forty Two & Co. acquired a new stake in Alphabet in the fourth quarter worth $281,000. Coldstream Capital Management Inc. increased its stake in Alphabet by 14.4% in the third quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider's stock valued at $19,642,000 after purchasing an additional 14,738 shares in the last quarter. Requisite Capital Management LLC acquired a new position in shares of Alphabet during the fourth quarter valued at about $927,000. Finally, Stevens Capital Management LP boosted its position in shares of Alphabet by 172.9% during the 3rd quarter. Stevens Capital Management LP now owns 91,237 shares of the information services provider's stock worth $15,254,000 after purchasing an additional 57,810 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 200 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 17,690 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the transaction, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,992 shares of company stock valued at $16,093,773. Company insiders own 12.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Rosenblatt Securities reiterated a "neutral" rating on shares of Alphabet in a report on Wednesday, March 19th. Needham & Company LLC restated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $208.65.

Alphabet Stock Performance

NASDAQ GOOG traded up $2.97 during trading hours on Tuesday, reaching $159.20. 10,014,068 shares of the company were exchanged, compared to its average volume of 19,795,100. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 19.77, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1 year low of $148.20 and a 1 year high of $208.70. The business's 50 day simple moving average is $180.70 and its 200-day simple moving average is $178.70.

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

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 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.