Annandale Capital LLC Purchases 1,001 Shares of Alphabet Inc. (NASDAQ:GOOG)

Annandale Capital LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,181 shares of the information services provider’s stock after purchasing an additional 1,001 shares during the period. Annandale Capital LLC’s holdings in Alphabet were worth $3,653,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GOOG. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet in the fourth quarter worth about $27,000. Weiss Asset Management LP bought a new stake in Alphabet in the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Alphabet during the 3rd quarter worth approximately $33,000. WealthTrak Capital Management LLC bought a new position in shares of Alphabet during the 4th quarter valued at approximately $38,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in shares of Alphabet in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Down 3.2 %

Shares of Alphabet stock opened at $147.74 on Friday. Alphabet Inc. has a 1 year low of $147.54 and a 1 year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.34 and a beta of 1.04. The firm’s 50-day moving average is $177.04 and its two-hundred day moving average is $178.30.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GOOG shares. Benchmark restated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Scotiabank lifted their target price on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Finally, Westpark Capital started coverage on Alphabet in a report on Tuesday. They set a “buy” rating and a $210.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $208.65.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction 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 completion of the transaction, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,797 shares of company stock worth $21,089,470 in the last three months. 12.99% of the stock is owned by 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.