ORG Partners LLC Has $4.10 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

ORG Partners LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,541 shares of the information services provider’s stock after acquiring an additional 970 shares during the period. ORG Partners LLC’s holdings in Alphabet were worth $4,103,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baker Tilly Wealth Management LLC raised its stake in shares of Alphabet by 3.3% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 10,819 shares of the information services provider’s stock valued at $2,060,000 after acquiring an additional 346 shares during the last quarter. Fortitude Family Office LLC increased its holdings in Alphabet by 0.7% in the fourth quarter. Fortitude Family Office LLC now owns 8,323 shares of the information services provider’s stock valued at $1,585,000 after purchasing an additional 60 shares during the period. Hudson Valley Investment Advisors Inc. ADV raised its position in Alphabet by 0.4% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 113,545 shares of the information services provider’s stock worth $21,624,000 after purchasing an additional 418 shares during the last quarter. Legacy Private Trust Co. lifted its holdings in Alphabet by 34.1% during the 4th quarter. Legacy Private Trust Co. now owns 9,538 shares of the information services provider’s stock worth $1,816,000 after buying an additional 2,424 shares during the period. Finally, Farmers Trust Co. grew its position in shares of Alphabet by 12.9% in the 4th quarter. Farmers Trust Co. now owns 3,243 shares of the information services provider’s stock valued at $618,000 after buying an additional 371 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $164.95, for a total transaction of $247,425.00. Following the transaction, the director now owns 26,324 shares of the company’s stock, valued at $4,342,143.80. This trade represents a 5.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $167.23, for a total value of $473,929.82. Following the completion of the transaction, the chief accounting officer now directly owns 26,349 shares of the company’s stock, valued at approximately $4,406,343.27. This represents a 9.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 155,887 shares of company stock valued at $27,996,356 over the last 90 days. Insiders own 12.99% of the company’s stock.

Alphabet Stock Down 0.2 %

GOOG stock traded down $0.47 during midday trading on Friday, reaching $194.92. 5,039,993 shares of the company’s stock traded hands, compared to its average volume of 14,240,902. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $202.88. The company has a market cap of $2.39 trillion, a price-to-earnings ratio of 25.85, a P/E/G ratio of 1.34 and a beta of 0.99. The firm’s fifty day moving average price is $183.71 and its 200-day moving average price is $174.52. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.55 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. Alphabet’s payout ratio is 10.61%.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Jefferies Financial Group boosted their target price on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Pivotal Research lifted their price objective on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $200.56.

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.