Outfitter Financial LLC Has $1.76 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Outfitter Financial LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,515 shares of the information services provider’s stock after buying an additional 210 shares during the quarter. Alphabet comprises approximately 1.5% of Outfitter Financial LLC’s investment portfolio, making the stock its 26th biggest holding. Outfitter Financial LLC’s holdings in Alphabet were worth $1,764,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC increased its holdings in Alphabet by 3.8% in the third quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock valued at $15,852,868,000 after purchasing an additional 4,348,188 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Alphabet by 11.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock valued at $12,649,838,000 after acquiring an additional 9,703,425 shares during the last quarter. Northern Trust Corp raised its position in shares of Alphabet by 2.3% in the 3rd quarter. Northern Trust Corp now owns 57,269,184 shares of the information services provider’s stock valued at $7,550,942,000 after acquiring an additional 1,275,060 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Alphabet by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 28,800,413 shares of the information services provider’s stock worth $4,058,842,000 after acquiring an additional 481,376 shares during the last quarter. Finally, Sanders Capital LLC grew its position in Alphabet by 0.3% during the third quarter. Sanders Capital LLC now owns 27,744,572 shares of the information services provider’s stock worth $3,658,122,000 after buying an additional 92,741 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Alphabet Price Performance

Alphabet stock traded down $2.15 during mid-day trading on Friday, reaching $169.43. The company had a trading volume of 6,097,175 shares, compared to its average volume of 22,337,830. The business has a fifty day simple moving average of $154.05 and a 200 day simple moving average of $144.59. The company has a market cap of $2.09 trillion, a P/E ratio of 26.04, a P/E/G ratio of 1.26 and a beta of 1.02. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a fifty-two week low of $114.93 and a fifty-two week high of $176.42.

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

Alphabet Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date is Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 800 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $149.73, for a total value of $119,784.00. Following the completion of the sale, the director now owns 7,164 shares of the company’s stock, valued at $1,072,665.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Sundar Pichai sold 22,500 shares of the company’s 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 sale, the chief executive officer now 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 the SEC website. Also, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $149.73, for a total value of $119,784.00. Following the completion of the sale, the director now owns 7,164 shares of the company’s stock, valued at $1,072,665.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 252,629 shares of company stock worth $37,091,240. Company 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.