Alphabet Inc. (NASDAQ:GOOG) Shares Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 90.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,377 shares of the information services provider’s stock after buying an additional 54,316 shares during the period. Alphabet accounts for about 0.9% of New Age Alpha Advisors LLC’s holdings, making the stock its 12th biggest holding. New Age Alpha Advisors LLC’s holdings in Alphabet were worth $21,782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Weiss Asset Management LP acquired a new position in Alphabet during the third quarter worth $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet during the 4th quarter valued at about $27,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Alphabet in the third quarter valued at about $33,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Alphabet in the fourth quarter valued at about $39,000. Finally, Noble Wealth Management PBC acquired a new stake in Alphabet during the fourth quarter worth about $43,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on GOOG shares. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Oppenheimer lifted their target price on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating on shares of Alphabet in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet Trading Down 1.8 %

NASDAQ GOOG opened at $164.08 on Friday. Alphabet Inc. has a 52 week low of $148.20 and a 52 week high of $208.70. The firm has a 50 day moving average of $182.36 and a two-hundred day moving average of $178.26. 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 stock has a market capitalization of $2.00 trillion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling

In related news, insider John Kent Walker sold 11,764 shares of Alphabet stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the sale, the insider now directly owns 49,037 shares in the company, valued at $8,181,333.08. This trade represents a 19.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 1,368 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $3,961,445.55. This represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,812 shares of company stock worth $19,336,979 over the last 90 days. 12.99% of the stock is owned by insiders.

Alphabet Company 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.