1,939 Shares in Alphabet Inc. (NASDAQ:GOOG) Bought by Capital Performance Advisors LLP

Capital Performance Advisors LLP bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, Holdings Channel reports. The firm bought 1,939 shares of the information services provider’s stock, valued at approximately $273,000.

A number of other large investors have also modified their holdings of GOOG. Dakota Wealth Management boosted its holdings in Alphabet by 13.9% during the third quarter. Dakota Wealth Management now owns 152,936 shares of the information services provider’s stock worth $20,165,000 after buying an additional 18,671 shares during the last quarter. Mayfair Advisory Group LLC boosted its stake in shares of Alphabet by 25.6% during the 3rd quarter. Mayfair Advisory Group LLC now owns 2,210 shares of the information services provider’s stock worth $308,000 after acquiring an additional 450 shares during the period. Verus Financial Partners Inc. bought a new stake in Alphabet in the 3rd quarter valued at $200,000. Financial Management Network Inc. raised its holdings in Alphabet by 4.5% in the 3rd quarter. Financial Management Network Inc. now owns 17,940 shares of the information services provider’s stock valued at $2,445,000 after acquiring an additional 770 shares in the last quarter. Finally, Canvas Wealth Advisors LLC raised its holdings in shares of Alphabet by 1.5% during the 3rd quarter. Canvas Wealth Advisors LLC now owns 8,010 shares of the information services provider’s stock worth $1,095,000 after buying an additional 120 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Up 0.5 %

Shares of GOOG traded up $0.84 during midday trading on Monday, hitting $169.83. The company had a trading volume of 15,132,966 shares, compared to its average volume of 22,754,559. 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 Inc. has a 52 week low of $105.79 and a 52 week high of $176.42. The company’s 50 day moving average price is $152.08 and its 200 day moving average price is $143.95. The stock has a market cap of $2.10 trillion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.26 and a beta of 1.02.

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

Alphabet Announces Dividend

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

Analysts Set New Price Targets

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

Insider Activity

In other news, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the transaction, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the transaction, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the sale, the chief executive officer now directly owns 2,377,691 shares in the company, valued at approximately $347,832,416.39. The disclosure for this sale can be found here. Insiders have sold 275,129 shares of company stock worth $40,382,765 over the last ninety days. Insiders own 12.99% of the company’s stock.

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.