Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Dash Acquisitions Inc.

Dash Acquisitions Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,709 shares of the information services provider’s stock after buying an additional 6,742 shares during the quarter. Alphabet comprises 7.3% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 4th largest holding. Dash Acquisitions Inc.’s holdings in Alphabet were worth $32,656,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Swedbank AB increased its position in shares of Alphabet by 0.6% during the third quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock valued at $1,394,181,000 after purchasing an additional 51,226 shares during the period. Moody Lynn & Lieberson LLC increased its position in shares of Alphabet by 4.5% during the third quarter. Moody Lynn & Lieberson LLC now owns 54,102 shares of the information services provider’s stock valued at $9,045,000 after purchasing an additional 2,328 shares during the period. Silver Oak Securities Incorporated increased its position in shares of Alphabet by 9.6% during the third quarter. Silver Oak Securities Incorporated now owns 10,730 shares of the information services provider’s stock valued at $1,771,000 after purchasing an additional 944 shares during the period. Busey Bank grew its position in Alphabet by 0.9% in the third quarter. Busey Bank now owns 579,189 shares of the information services provider’s stock valued at $96,835,000 after acquiring an additional 5,041 shares during the period. Finally, Heritage Oak Wealth Advisors LLC bought a new stake in Alphabet in the third quarter valued at $1,375,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on GOOG shares. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Wells Fargo & Company increased their target price on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Wedbush reissued an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Jefferies Financial Group increased their price target on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Scotiabank increased their price target on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

Insider Buying and Selling

In other Alphabet news, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares of the company’s stock, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,299 shares of company stock valued at $25,055,751. Insiders own 12.99% of the company’s stock.

Alphabet Stock Down 2.7 %

GOOG stock opened at $181.58 on Monday. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $208.70. The company has a market cap of $2.21 trillion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 1.34 and a beta of 1.00. The business has a 50 day moving average price of $194.02 and a two-hundred day moving average price of $177.45. 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 released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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%. Analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.44%. Alphabet’s payout ratio is currently 9.94%.

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.