New Age Alpha Advisors LLC Boosts Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

New Age Alpha Advisors LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 90.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,377 shares of the information services provider’s stock after purchasing an additional 54,316 shares during the period. Alphabet makes up about 0.9% of New Age Alpha Advisors LLC’s holdings, making the stock its 12th largest position. New Age Alpha Advisors LLC’s holdings in Alphabet were worth $21,782,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Covington Investment Advisors Inc. raised its stake in shares of Alphabet by 1.3% during the 4th quarter. Covington Investment Advisors Inc. now owns 225,255 shares of the information services provider’s stock worth $42,898,000 after buying an additional 2,980 shares during the last quarter. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new position in Alphabet during the fourth quarter worth about $9,874,000. Norges Bank purchased a new stake in shares of Alphabet in the fourth quarter valued at about $5,166,070,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $19,092,000. Finally, Providence Wealth Advisors LLC increased its stake in shares of Alphabet by 0.6% during the 4th quarter. Providence Wealth Advisors LLC now owns 10,102 shares of the information services provider’s stock worth $1,992,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $164.08 on Friday. The company’s fifty day moving average price is $182.36 and its two-hundred day moving average price is $178.26. 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 firm has a market capitalization of $2.00 trillion, a P/E ratio of 20.38, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12 month low of $148.20 and a 12 month high of $208.70.

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 anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 1,368 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total transaction of $262,040.40. Following the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $3,961,445.55. This trade represents a 6.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the sale, the insider now owns 1,449,286 shares of the company’s stock, valued at $265,914,995.28. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,812 shares of company stock worth $19,336,979. Insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities reissued a “neutral” rating on shares of Alphabet in a report on Wednesday, March 19th. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Alphabet in a report on Wednesday, March 19th. Finally, Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $209.13.

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.