Objectivity Squared LLC Makes New $1.29 Million Investment in Alphabet Inc. (NASDAQ:GOOG)

Objectivity Squared LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,121 shares of the information services provider’s stock, valued at approximately $1,285,000. Alphabet makes up about 1.3% of Objectivity Squared LLC’s holdings, making the stock its 18th biggest position.

A number of other large investors also recently modified their holdings of GOOG. WealthPlan Investment Management LLC lifted its position in Alphabet by 508.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 56,632 shares of the information services provider’s stock worth $7,467,000 after buying an additional 47,317 shares during the last quarter. Wayfinding Financial LLC grew its holdings in shares of Alphabet by 9.0% during the 3rd quarter. Wayfinding Financial LLC now owns 2,231 shares of the information services provider’s stock valued at $301,000 after purchasing an additional 184 shares during the last quarter. Sloy Dahl & Holst LLC raised its position in Alphabet by 1.9% in the 3rd quarter. Sloy Dahl & Holst LLC now owns 8,238 shares of the information services provider’s stock worth $1,086,000 after purchasing an additional 155 shares during the period. CNB Bank lifted its stake in Alphabet by 6.6% in the third quarter. CNB Bank now owns 27,723 shares of the information services provider’s stock worth $3,655,000 after purchasing an additional 1,710 shares during the last quarter. Finally, JNBA Financial Advisors boosted its position in Alphabet by 1.9% during the third quarter. JNBA Financial Advisors now owns 13,372 shares of the information services provider’s stock valued at $1,763,000 after buying an additional 247 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

NASDAQ GOOG traded up $1.27 during trading hours on Friday, hitting $176.33. 11,400,645 shares of the stock were exchanged, compared to its average volume of 21,919,467. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02. The stock has a 50-day moving average of $161.59 and a 200 day moving average of $147.79. Alphabet Inc. has a 12-month low of $115.83 and a 12-month high of $179.95. 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 announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, equities research analysts forecast that Alphabet Inc. will post 7.7 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. Shareholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date is Monday, June 10th.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Oppenheimer increased their price target 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. Susquehanna upped their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Finally, Stifel Nicolaus upped their target price on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $165.67.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the sale, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the transaction, the chief accounting officer now directly owns 28,602 shares in the company, valued at approximately $3,903,886.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 205,935 shares of company stock worth $31,178,987. 12.99% of the stock is currently owned by corporate 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.