Strata Wealth Advisors LLC Grows Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Strata Wealth Advisors LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,130 shares of the information services provider’s stock after acquiring an additional 77 shares during the quarter. Alphabet comprises about 1.3% of Strata Wealth Advisors LLC’s holdings, making the stock its 14th largest holding. Strata Wealth Advisors LLC’s holdings in Alphabet were worth $4,214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Swedbank AB boosted its stake in shares of Alphabet by 0.6% during the 3rd quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock valued at $1,394,181,000 after buying an additional 51,226 shares during the last quarter. Harvey Investment Co. LLC boosted its stake in shares of Alphabet by 2.9% during the 3rd quarter. Harvey Investment Co. LLC now owns 108,221 shares of the information services provider’s stock valued at $18,093,000 after buying an additional 3,085 shares during the last quarter. Grimes & Company Inc. boosted its stake in shares of Alphabet by 0.6% during the 3rd quarter. Grimes & Company Inc. now owns 71,485 shares of the information services provider’s stock valued at $11,952,000 after buying an additional 436 shares during the last quarter. Impact Partnership Wealth LLC boosted its stake in shares of Alphabet by 7.0% during the 3rd quarter. Impact Partnership Wealth LLC now owns 1,823 shares of the information services provider’s stock valued at $305,000 after buying an additional 119 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of Alphabet by 2.0% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 95,857 shares of the information services provider’s stock valued at $16,026,000 after buying an additional 1,842 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity

In other news, insider Ruth Porat sold 17,690 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares of the company’s stock, valued at approximately $265,914,995.28. This trade represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 134,299 shares of company stock valued at $25,055,751. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GOOG shares. Jefferies Financial Group increased their target price on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Benchmark reissued a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.13.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $181.58 on Friday. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The business’s fifty day moving average price is $194.02 and its two-hundred day moving average price is $177.34. The firm has a market capitalization of $2.21 trillion, a PE ratio of 22.56, a P/E/G ratio of 1.34 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

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.