Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,713 shares of the information services provider’s stock after acquiring an additional 398 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Alphabet were worth $1,228,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GOOG. Bruce G. Allen Investments LLC purchased a new stake in Alphabet during the fourth quarter worth approximately $26,000. Tandem Wealth Advisors LLC purchased a new stake in shares of Alphabet in the third quarter worth about $25,000. Equitec Proprietary Markets LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at about $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at about $32,000. Finally, Buck Wealth Strategies LLC acquired a new position in Alphabet during the 3rd quarter worth approximately $32,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on GOOG. Oppenheimer increased their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Raymond James upped their target price on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Stifel Nicolaus upped their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Susquehanna increased their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and an average target price of $165.67.

Alphabet Price Performance

Alphabet stock traded up $0.84 during mid-day trading on Monday, hitting $169.83. The company’s stock had a trading volume of 15,045,846 shares, compared to its average volume of 22,718,809. The stock has a market capitalization of $2.10 trillion, a P/E ratio of 25.86, a P/E/G ratio of 1.26 and a beta of 1.02. Alphabet Inc. has a twelve month low of $105.79 and a twelve month high of $176.42. The stock’s fifty day moving average price is $151.46 and its two-hundred day moving average price is $143.74. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion during the quarter, compared to analyst estimates of $78.75 billion. During the same quarter last year, the company posted $1.17 EPS. Alphabet’s revenue for the quarter was up 15.4% on a year-over-year basis. Research analysts forecast that Alphabet Inc. will post 7.66 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a — dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,280,511 shares in the company, valued at $380,389,234.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,280,511 shares in the company, valued at approximately $380,389,234.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the transaction, the chief accounting officer now owns 28,602 shares in the company, valued at approximately $3,903,886.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 275,129 shares of company stock valued at $40,382,765. Company insiders own 12.99% of the company’s stock.

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.