Okabena Investment Services Inc. Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Okabena Investment Services Inc. grew its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,063 shares of the information services provider’s stock after acquiring an additional 157 shares during the period. Alphabet comprises 1.1% of Okabena Investment Services Inc.’s portfolio, making the stock its 21st largest position. Okabena Investment Services Inc.’s holdings in Alphabet were worth $4,011,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in Alphabet during the 4th quarter valued at approximately $27,000. Weiss Asset Management LP bought a new stake in shares of Alphabet in the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Alphabet during the third quarter valued at approximately $33,000. WealthTrak Capital Management LLC purchased a new stake in Alphabet in the fourth quarter worth $38,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in Alphabet in the fourth quarter worth $39,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Performance

GOOG opened at $156.06 on Friday. The company has a 50 day simple moving average of $181.53 and a two-hundred day simple moving average of $178.31. 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 cap of $1.90 trillion, a P/E ratio of 19.39, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1-year low of $148.20 and a 1-year high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 1,368 shares of Alphabet stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $3,961,445.55. The trade was a 6.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 29,066 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the transaction, the director now directly owns 272,466 shares of the company’s stock, valued at approximately $50,376,238.74. This trade represents a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,812 shares of company stock worth $19,336,979 over the last quarter. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GOOG. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Benchmark restated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.56.

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.