Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Iron Gate Global Advisors LLC

Iron Gate Global Advisors LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 203,605 shares of the information services provider's stock after acquiring an additional 11,808 shares during the period. Alphabet makes up 5.5% of Iron Gate Global Advisors LLC's investment portfolio, making the stock its 7th largest position. Iron Gate Global Advisors LLC's holdings in Alphabet were worth $38,834,000 as of its most recent filing with the SEC.

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

Alphabet Stock Performance

Shares of GOOG stock traded down $2.14 on Friday, hitting $153.36. 19,461,666 shares of the stock traded hands, compared to its average volume of 19,427,163. The company's fifty day moving average is $167.16 and its 200 day moving average is $177.55. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The company 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 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 released 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 predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GOOG shares. KeyCorp decreased their target price on Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Westpark Capital began coverage on shares of Alphabet in a research report on Tuesday, April 1st. They issued a "buy" rating and a $210.00 price objective for the company. Benchmark reissued a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. Scotiabank upped their target price on shares of Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Finally, Oppenheimer lifted their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus price target of $210.88.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction dated 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 sale, the insider now directly owns 43,111 shares in the company, valued at $7,997,521.61. This trade represents a 29.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 673 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. This trade represents a 4.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 148,163 shares of company stock worth $25,361,647 over the last ninety days. Company insiders own 12.99% of the company's stock.

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.