Okabena Investment Services Inc. Acquires 157 Shares of Alphabet Inc. (NASDAQ:GOOG)

Okabena Investment Services Inc. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 21,063 shares of the information services provider’s stock after purchasing an additional 157 shares during the period. Alphabet makes up approximately 1.1% of Okabena Investment Services Inc.’s portfolio, making the stock its 21st biggest holding. Okabena Investment Services Inc.’s holdings in Alphabet were worth $4,011,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Fiduciary Advisors Inc. purchased a new stake in Alphabet in the 4th quarter valued at about $27,000. Weiss Asset Management LP bought a new position in shares of Alphabet in the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Alphabet during the third quarter valued at approximately $33,000. WealthTrak Capital Management LLC purchased a new position in Alphabet in the fourth quarter worth $38,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Alphabet in the 4th quarter valued at $39,000. 27.26% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $156.06 on Friday. The stock’s 50-day simple moving average is $181.53 and its two-hundred day simple moving average is $178.31. Alphabet Inc. has a twelve month low of $148.20 and a twelve month high of $208.70. The firm has a market capitalization of $1.90 trillion, a P/E ratio of 19.39, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its earnings results 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 net margin of 28.60% and a return on equity of 32.49%. As a group, equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GOOG. Rosenblatt Securities reiterated a “neutral” rating on shares of Alphabet in a research note on Wednesday, March 19th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Benchmark restated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $208.56.

Insider Buying and Selling

In related news, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,812 shares of company stock worth $19,336,979. Corporate insiders own 12.99% of the company’s stock.

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.