5,180 Shares in Alphabet Inc. (NASDAQ:GOOG) Purchased by Potentia Wealth

Potentia Wealth bought a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,180 shares of the information services provider's stock, valued at approximately $986,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiduciary Advisors Inc. purchased a new stake in Alphabet during the fourth quarter valued at approximately $27,000. Weiss Asset Management LP purchased a new stake in Alphabet during the 3rd quarter valued at $25,000. Safe Harbor Fiduciary LLC bought a new stake in Alphabet in the third quarter worth $33,000. Mountain Hill Investment Partners Corp. purchased a new position in Alphabet during the fourth quarter worth $39,000. Finally, Noble Wealth Management PBC bought a new position in Alphabet during the fourth quarter valued at $43,000. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 1,374 shares of Alphabet stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the sale, the chief accounting officer now directly owns 15,024 shares in the company, valued at approximately $2,606,213.28. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of the company'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 sale, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,048 shares of company stock worth $17,374,274 in the last 90 days. Insiders own 12.99% of the company's stock.

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Alphabet Stock Up 1.7 %

NASDAQ:GOOG traded up $2.86 during trading hours on Tuesday, reaching $172.79. The company's stock had a trading volume of 13,811,344 shares, compared to its average volume of 17,855,898. The stock has a 50 day moving average price of $183.56 and a two-hundred day moving average price of $178.44. Alphabet Inc. has a 12 month low of $148.20 and a 12 month 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 market capitalization of $2.11 trillion, a P/E ratio of 21.46, a price-to-earnings-growth 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 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's payout ratio is 9.94%.

Analysts Set New Price Targets

Several research firms have recently issued reports on GOOG. The Goldman Sachs Group restated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Scotiabank raised their price objective on shares of Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. Oppenheimer increased their price target on Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Cantor Fitzgerald restated a "neutral" rating on shares of Alphabet in a report on Wednesday, March 19th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating on shares of Alphabet in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.13.

Alphabet 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.