Pure Financial Advisors LLC Has $4.55 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Pure Financial Advisors LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 27.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,888 shares of the information services provider’s stock after acquiring an additional 5,116 shares during the period. Pure Financial Advisors LLC’s holdings in Alphabet were worth $4,549,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOG. Tudor Financial Inc. increased its stake in Alphabet by 1.2% during the fourth quarter. Tudor Financial Inc. now owns 8,473 shares of the information services provider’s stock valued at $1,614,000 after acquiring an additional 100 shares during the period. Abacus Wealth Partners LLC increased its position in shares of Alphabet by 2.0% during the fourth quarter. Abacus Wealth Partners LLC now owns 5,129 shares of the information services provider’s stock valued at $977,000 after purchasing an additional 100 shares during the period. Koshinski Asset Management Inc. raised its stake in shares of Alphabet by 1.2% in the fourth quarter. Koshinski Asset Management Inc. now owns 29,353 shares of the information services provider’s stock valued at $5,590,000 after purchasing an additional 357 shares in the last quarter. Ulland Investment Advisors LLC lifted its position in Alphabet by 2.1% in the fourth quarter. Ulland Investment Advisors LLC now owns 52,883 shares of the information services provider’s stock worth $10,071,000 after purchasing an additional 1,113 shares during the period. Finally, Mountain Pacific Investment Advisers LLC boosted its stake in Alphabet by 11.9% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 2,340 shares of the information services provider’s stock worth $446,000 after buying an additional 248 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Canaccord Genuity Group upped their price objective on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Pivotal Research increased their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $200.56.

Alphabet Stock Performance

GOOG stock opened at $200.03 on Thursday. The stock has a market capitalization of $2.45 trillion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The company has a 50 day moving average price of $186.56 and a 200 day moving average price of $174.89. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $203.84.

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

Alphabet Announces Dividend

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

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the sale, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. The trade was a 4.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s 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 completion of the transaction, the director now owns 330,466 shares in the company, valued at $59,741,643.48. This represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock worth $24,368,654 in the last quarter. 12.99% of the stock is owned by company insiders.

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.