SageView Advisory Group LLC Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

SageView Advisory Group LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 140.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,734 shares of the information services provider's stock after purchasing an additional 8,610 shares during the quarter. SageView Advisory Group LLC's holdings in Alphabet were worth $2,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. GPS Wealth Strategies Group LLC grew its position in Alphabet by 6.8% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock worth $3,094,000 after acquiring an additional 1,041 shares in the last quarter. North Forty Two & Co. purchased a new position in Alphabet in the fourth quarter valued at about $281,000. Requisite Capital Management LLC acquired a new position in shares of Alphabet during the fourth quarter worth $927,000. Nordea Investment Management AB grew its position in Alphabet by 10.9% during the 4th quarter. Nordea Investment Management AB now owns 7,184,399 shares of the information services provider's stock worth $1,384,039,000 after purchasing an additional 704,875 shares during the last quarter. Finally, Oriental Harbor Investment Fund purchased a new position in Alphabet in the 3rd quarter worth $80,656,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the transaction, the director now directly owns 272,466 shares of the company's stock, valued at $50,376,238.74. The trade was a 9.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,663 shares of company stock worth $20,286,447. Corporate insiders own 12.99% of the company's stock.

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Wall Street Analysts Forecast Growth

GOOG has been the subject of several analyst reports. Benchmark reissued a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. UBS Group dropped their price target on Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Needham & Company LLC reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Westpark Capital initiated coverage on Alphabet in a report on Tuesday, April 1st. They set a "buy" rating and a $210.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $208.71.

Alphabet Stock Performance

Shares of GOOG traded down $3.18 during midday trading on Wednesday, reaching $155.50. 16,903,668 shares of the stock were exchanged, compared to its average volume of 19,400,727. The business's 50-day moving average price is $169.17 and its 200 day moving average price is $177.83. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 19.32, 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 Inc. has a twelve month low of $142.66 and a twelve month high of $208.70.

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

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet's dividend payout ratio is currently 9.94%.

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.