Aire Advisors LLC Acquires 556 Shares of Alphabet Inc. (NASDAQ:GOOG)

Aire Advisors LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,310 shares of the information services provider’s stock after buying an additional 556 shares during the quarter. Aire Advisors LLC’s holdings in Alphabet were worth $2,344,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bay Capital Advisors LLC bought a new stake in Alphabet during the 4th quarter valued at about $500,000. Potentia Wealth purchased a new position in shares of Alphabet during the fourth quarter worth approximately $986,000. PKS Advisory Services LLC purchased a new position in shares of Alphabet during the fourth quarter worth approximately $1,261,000. Syverson Strege & Co purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $208,000. Finally, WorthPointe LLC grew its stake in Alphabet by 8.7% in the fourth quarter. WorthPointe LLC now owns 2,053 shares of the information services provider’s stock worth $391,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GOOG shares. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Oppenheimer upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Benchmark reiterated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $169.93 on Tuesday. Alphabet Inc. has a 52 week low of $148.20 and a 52 week high of $208.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.07 trillion, a P/E ratio of 21.11, a P/E/G ratio of 1.34 and a beta of 1.03. The business’s 50 day moving average price is $183.93 and its 200 day moving average price is $178.30.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

Insider Activity

In related news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the transaction, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the transaction, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. This represents a 9.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,048 shares of company stock worth $17,374,274 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

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.