Alphabet Inc. (NASDAQ:GOOG) Holdings Raised by Savvy Advisors Inc.

Savvy Advisors Inc. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 143.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,850 shares of the information services provider's stock after purchasing an additional 17,594 shares during the period. Alphabet comprises approximately 0.7% of Savvy Advisors Inc.'s holdings, making the stock its 25th biggest holding. Savvy Advisors Inc.'s holdings in Alphabet were worth $5,685,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Fiduciary Advisors Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at $27,000. LSV Asset Management purchased a new position in Alphabet in the 4th quarter valued at about $27,000. WealthTrak Capital Management LLC acquired a new stake in shares of Alphabet during the 4th quarter worth about $38,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Alphabet during the fourth quarter worth about $39,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $43,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares of the company's stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company's stock, 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 have sold 115,663 shares of company stock worth $20,286,447 over the last quarter. 12.99% of the stock is owned by corporate insiders.

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Alphabet Stock Down 2.0 %

Shares of NASDAQ:GOOG traded down $3.18 during trading on Wednesday, hitting $155.50. The company's stock had a trading volume of 16,903,668 shares, compared to its average volume of 19,400,727. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The stock's 50-day moving average price is $169.17 and its two-hundred day moving average price is $177.83. 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 $1.90 trillion, a PE ratio of 19.32, a PEG ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results 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%. As a group, sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

GOOG has been the topic of a number of analyst reports. Benchmark restated a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Citizens Jmp cut Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, Scotiabank increased their price objective on shares of Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $208.71.

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.