Enclave Advisors LLC Acquires 2,271 Shares of Alphabet Inc. (NASDAQ:GOOG)

Enclave Advisors LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 34.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,869 shares of the information services provider’s stock after acquiring an additional 2,271 shares during the quarter. Enclave Advisors LLC’s holdings in Alphabet were worth $1,689,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GOOG. Abich Financial Wealth Management LLC increased its position in Alphabet by 9,200.0% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock valued at $34,000 after buying an additional 184 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Alphabet by 2.4% during the second quarter. AQR Capital Management LLC now owns 2,752,699 shares of the information services provider’s stock valued at $504,900,000 after acquiring an additional 65,058 shares in the last quarter. Employees Retirement System of Texas raised its position in shares of Alphabet by 4.4% during the second quarter. Employees Retirement System of Texas now owns 1,404,515 shares of the information services provider’s stock worth $257,616,000 after purchasing an additional 59,515 shares during the period. Drucker Wealth 3.0 LLC bought a new position in shares of Alphabet in the 2nd quarter worth $2,628,000. Finally, DSM Capital Partners LLC grew its position in Alphabet by 407.8% in the 2nd quarter. DSM Capital Partners LLC now owns 914 shares of the information services provider’s stock valued at $168,000 after purchasing an additional 734 shares during the period. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Performance

NASDAQ:GOOG opened at $199.58 on Friday. The company has a market capitalization of $2.44 trillion, a P/E ratio of 26.47, a P/E/G ratio of 1.27 and a beta of 0.99. The business has a fifty day simple moving average of $186.95 and a two-hundred day simple moving average of $175.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $203.84.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. On average, analysts expect that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Phillip Securities raised Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Barclays raised their target price on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Oppenheimer raised their price objective on Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.56.

Insider Activity at Alphabet

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the sale, the director now owns 330,466 shares in the company, valued at approximately $59,741,643.48. This trade represents a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,387 shares of company stock worth $24,368,654. Corporate insiders own 12.99% of the company’s stock.

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.