R.H. Investment Group LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 23,380 shares of the information services provider's stock, valued at approximately $4,452,000. Alphabet accounts for about 4.2% of R.H. Investment Group LLC's investment portfolio, making the stock its 12th largest position.
Several other large investors have also modified their holdings of GOOG. Weiss Asset Management LP bought a new stake in shares of Alphabet in the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in Alphabet in the third quarter valued at approximately $33,000. Abich Financial Wealth Management LLC grew its holdings in Alphabet by 9,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider's stock worth $34,000 after purchasing an additional 184 shares during the last quarter. HWG Holdings LP acquired a new position in shares of Alphabet during the second quarter worth $40,000. Finally, Sanctuary Wealth Management L.L.C. lifted its holdings in shares of Alphabet by 87.3% during the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider's stock valued at $42,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 27.26% of the company's stock.
Alphabet Price Performance
Shares of Alphabet stock traded up $3.14 on Friday, hitting $197.55. The company's stock had a trading volume of 21,974,853 shares, compared to its average volume of 16,381,408. The company has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $202.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a fifty day moving average price of $185.92 and a 200-day moving average price of $174.93.
Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $86.39 billion. During the same period in the previous year, the business earned $1.55 earnings per share. The business's revenue was up 15.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet's payout ratio is 10.61%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. Pivotal Research upped their target price on Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Alphabet from $220.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Scotiabank initiated coverage on shares of Alphabet in a research note on Friday, October 11th. They issued a "sector outperform" rating and a $212.00 target price for the company. Oppenheimer upped their price target on shares of Alphabet from $185.00 to $215.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $200.56.
Check Out Our Latest Report on GOOG
Insider Activity
In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the sale, the director now owns 330,466 shares of the company's stock, valued at $59,741,643.48. The trade was a 3.08 % 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 1,367 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the sale, the chief accounting officer now owns 26,349 shares of the company's stock, valued at $4,516,745.58. This trade represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock worth $24,368,654 over the last 90 days. 12.99% of the stock is currently owned by company insiders.
Alphabet 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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