Sage Mountain Advisors LLC Grows Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Sage Mountain Advisors LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,183 shares of the information services provider's stock after buying an additional 3,838 shares during the period. Sage Mountain Advisors LLC's holdings in Alphabet were worth $7,272,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet during the 4th quarter worth about $27,000. Weiss Asset Management LP bought a new stake in shares of Alphabet during the 3rd quarter worth about $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Alphabet during the 3rd quarter worth about $33,000. Noble Wealth Management PBC bought a new stake in shares of Alphabet during the 4th quarter worth about $43,000. Finally, FPC Investment Advisory Inc. raised its position in shares of Alphabet by 287.9% during the 4th quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider's stock worth $46,000 after buying an additional 167 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Trading Up 1.7 %

Shares of GOOG traded up $2.88 during trading hours on Wednesday, hitting $168.86. 11,834,277 shares of the stock were exchanged, compared to its average volume of 19,006,480. The firm has a market capitalization of $2.06 trillion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. 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 Inc. has a fifty-two week low of $140.01 and a fifty-two week high of $208.70. The business has a 50-day moving average of $188.87 and a 200-day moving average of $178.08.

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

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet's dividend payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GOOG shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Needham & Company LLC reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Benchmark reiterated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Finally, Wedbush reaffirmed an "outperform" rating and set a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.13.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ruth Porat sold 17,690 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,182 shares of company stock worth $18,192,354 in the last quarter. Company insiders own 12.99% of the company's stock.

Alphabet Company 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.