Alphabet Inc. (NASDAQ:GOOG) Stock Position Lifted by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,916 shares of the information services provider’s stock after purchasing an additional 205 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Alphabet were worth $5,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GOOG. Strive Asset Management LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $2,555,000. Stuart Chaussee & Associates Inc. increased its holdings in shares of Alphabet by 24.1% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 2,277 shares of the information services provider’s stock valued at $434,000 after buying an additional 442 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Alphabet by 27.8% during the 4th quarter. Toronto Dominion Bank now owns 2,901,887 shares of the information services provider’s stock valued at $552,630,000 after acquiring an additional 632,099 shares during the last quarter. Safeguard Investment Advisory Group LLC boosted its stake in shares of Alphabet by 4.3% during the 4th quarter. Safeguard Investment Advisory Group LLC now owns 4,424 shares of the information services provider’s stock worth $843,000 after acquiring an additional 181 shares in the last quarter. Finally, Scissortail Wealth Management LLC grew its holdings in shares of Alphabet by 53,418.2% in the 4th quarter. Scissortail Wealth Management LLC now owns 5,887 shares of the information services provider’s stock worth $1,121,000 after acquiring an additional 5,876 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 29,066 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares of the company’s stock, valued at $50,376,238.74. The trade was a 9.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total value of $5,066,750.00. Following the transaction, the chief executive officer now directly owns 2,652,696 shares in the company, valued at approximately $413,555,306.40. This represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 179,324 shares of company stock worth $30,153,353. 12.99% of the stock is owned by corporate insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $167.43 on Friday. The firm has a market cap of $2.03 trillion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $160.19 and a 200 day simple moving average of $176.75.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $90.23 billion during the quarter, compared to analysts’ expectations of $89.30 billion. During the same quarter in the previous year, the business posted $1.89 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.50%. This is an increase from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet’s payout ratio is currently 9.36%.

Analyst Ratings Changes

Several brokerages have recently commented on GOOG. Wedbush reaffirmed an “outperform” rating and set a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Scotiabank reduced their price objective on shares of Alphabet from $232.00 to $200.00 and set a “sector outperform” rating for the company in a research note on Monday, April 21st. KeyCorp decreased their target price on shares of Alphabet from $202.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Benchmark restated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Susquehanna restated a “positive” rating on shares of Alphabet in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $203.94.

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.