Helium Advisors LLC Purchases Shares of 6,828 Alphabet Inc. (NASDAQ:GOOG)

Helium Advisors LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,828 shares of the information services provider’s stock, valued at approximately $1,300,000. Alphabet makes up about 1.0% of Helium Advisors LLC’s investment portfolio, making the stock its 20th largest position.

Several other hedge funds also recently made changes to their positions in GOOG. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $27,000. LSV Asset Management acquired a new position in shares of Alphabet in the fourth quarter worth about $27,000. WealthTrak Capital Management LLC purchased a new position in shares of Alphabet in the fourth quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Alphabet in the fourth quarter worth approximately $39,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Alphabet during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on GOOG shares. UBS Group decreased their price objective on shares of Alphabet from $209.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $171.00 target price on shares of Alphabet in a report on Friday, April 25th. JPMorgan Chase & Co. raised their target price on Alphabet from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Tigress Financial reiterated a “strong-buy” rating on shares of Alphabet in a report on Friday, May 2nd. Finally, Benchmark reissued a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.94.

Alphabet Stock Up 1.1%

Shares of Alphabet stock opened at $171.98 on Friday. The firm has a market cap of $2.09 trillion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.34 and a beta of 1.01. The stock has a 50-day simple moving average of $160.34 and a 200-day simple moving average of $176.63. Alphabet Inc. has a 52-week low of $142.66 and a 52-week 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.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. The firm had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 earnings per share. On average, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Monday, June 9th. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s payout ratio is presently 9.36%.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the transaction, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. This trade represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,374 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the sale, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at $2,606,213.28. This represents a 8.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 112,054 shares of company stock valued at $17,722,605. Insiders own 12.99% of the company’s stock.

Alphabet Company 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.