Elios Financial Group Inc. Buys 100 Shares of Alphabet Inc. (NASDAQ:GOOG)

Elios Financial Group Inc. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,501 shares of the information services provider’s stock after acquiring an additional 100 shares during the period. Elios Financial Group Inc.’s holdings in Alphabet were worth $234,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. FMR LLC grew its position in Alphabet by 2.8% during the fourth quarter. FMR LLC now owns 117,991,725 shares of the information services provider’s stock valued at $22,470,344,000 after buying an additional 3,189,592 shares during the period. Capital International Investors grew its position in Alphabet by 6.7% during the fourth quarter. Capital International Investors now owns 91,236,069 shares of the information services provider’s stock valued at $17,376,706,000 after buying an additional 5,758,244 shares during the period. Northern Trust Corp grew its position in Alphabet by 16.1% during the fourth quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider’s stock valued at $10,873,751,000 after buying an additional 7,917,625 shares during the period. Capital Research Global Investors grew its position in Alphabet by 0.8% during the fourth quarter. Capital Research Global Investors now owns 39,148,500 shares of the information services provider’s stock valued at $7,455,571,000 after buying an additional 294,556 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Alphabet by 2.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,103,417 shares of the information services provider’s stock valued at $6,494,655,000 after buying an additional 769,335 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several research reports. Cowen restated a “buy” rating on shares of Alphabet in a research report on Wednesday, July 9th. Westpark Capital restated a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Friday, April 25th. Needham & Company LLC lowered Alphabet from a “buy” rating to a “cautious” rating in a report on Friday, May 2nd. Susquehanna reissued a “positive” rating on shares of Alphabet in a report on Friday, May 2nd. Finally, Pivotal Research lifted their price objective on Alphabet from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $215.19.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $184.38, for a total transaction of $5,992,350.00. Following the completion of the sale, the chief executive officer owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. This trade represents a 1.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 400 shares of Alphabet stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $181.98, for a total value of $72,792.00. Following the sale, the director owned 6,013 shares of the company’s stock, valued at approximately $1,094,245.74. This trade represents a 6.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 249,399 shares of company stock worth $43,525,794. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Down 2.3%

GOOG stock opened at $192.86 on Friday. The firm has a market capitalization of $2.34 trillion, a PE ratio of 20.54, a PEG ratio of 1.31 and a beta of 1.01. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $178.96 and a two-hundred day simple moving average of $174.70. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.19. The firm had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $1.89 EPS. On average, equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is 8.95%.

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.