Maridea Wealth Management LLC bought a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,963 shares of the information services provider's stock, valued at approximately $1,516,000.
Several other large investors have also recently made changes to their positions in GOOG. Weiss Asset Management LP purchased a new position in shares of Alphabet in the third quarter worth about $25,000. Fiduciary Advisors Inc. bought a new stake in Alphabet in the fourth quarter valued at approximately $27,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Alphabet during the third quarter valued at approximately $33,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Alphabet in the fourth quarter worth approximately $39,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet in the fourth quarter worth $43,000. 27.26% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Alphabet
In other news, insider John Kent Walker sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the sale, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. This represents a 19.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was 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 owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,992 shares of company stock valued at $16,097,111. Insiders own 12.99% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on GOOG shares. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Benchmark reiterated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Needham & Company LLC restated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush reiterated an "outperform" rating and issued a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $208.56.
Get Our Latest Stock Report on GOOG
Alphabet Stock Up 0.1 %
Shares of Alphabet stock traded up $0.22 during trading on Monday, hitting $156.28. The company's stock had a trading volume of 19,729,620 shares, compared to its average volume of 19,723,809. Alphabet Inc. has a 52 week low of $148.20 and a 52 week high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a fifty day simple moving average of $181.53 and a two-hundred day simple moving average of $178.69. The company has a market capitalization of $1.91 trillion, a PE ratio of 19.42, a P/E/G ratio of 1.34 and a beta of 1.03.
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 (EPS) 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 research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Announces Dividend
The business 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. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is 9.94%.
Alphabet Company Profile
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Free Report)
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.
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