PFW Advisors LLC Acquires Shares of 4,345 Alphabet Inc. (NASDAQ:GOOG)

PFW Advisors LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,345 shares of the information services provider’s stock, valued at approximately $827,000.

A number of other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in shares of Alphabet by 0.3% in the 2nd quarter. Parallel Advisors LLC now owns 295,320 shares of the information services provider’s stock valued at $54,168,000 after buying an additional 927 shares during the period. TMD Wealth Management LLC lifted its holdings in Alphabet by 0.8% in the second quarter. TMD Wealth Management LLC now owns 11,328 shares of the information services provider’s stock worth $2,078,000 after acquiring an additional 87 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in Alphabet by 22.9% in the second quarter. Thoroughbred Financial Services LLC now owns 101,423 shares of the information services provider’s stock valued at $18,603,000 after acquiring an additional 18,893 shares during the period. Wealthspire Advisors LLC boosted its stake in Alphabet by 7.3% in the second quarter. Wealthspire Advisors LLC now owns 140,844 shares of the information services provider’s stock valued at $25,834,000 after acquiring an additional 9,613 shares during the period. Finally, Stolper Co grew its holdings in shares of Alphabet by 1.8% during the second quarter. Stolper Co now owns 49,756 shares of the information services provider’s stock valued at $9,126,000 after purchasing an additional 902 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GOOG shares. Barclays boosted their price objective on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Pivotal Research increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Phillip Securities upgraded shares of 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 issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $200.56.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the sale, the director now owns 282,832 shares in the company, valued at $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the transaction, the director now directly owns 16,490 shares of the company’s stock, valued at $2,820,779.40. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 153,053 shares of company stock valued at $27,559,701 in the last three months. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

NASDAQ:GOOG opened at $192.29 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $184.55 and its 200 day moving average price is $174.49. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $202.88. The firm has a market cap of $2.35 trillion, a P/E ratio of 25.50, a PEG ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. During the same quarter in the previous year, the company posted $1.55 EPS. The business’s revenue was up 15.1% compared to the same quarter last year. As a group, sell-side analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

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.