Keb Asset Management LLC Purchases 280 Shares of Alphabet Inc. (NASDAQ:GOOG)

Keb Asset Management LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,350 shares of the information services provider’s stock after purchasing an additional 280 shares during the period. Keb Asset Management LLC’s holdings in Alphabet were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet in the 4th quarter valued at about $26,000. Partnership Wealth Management LLC bought a new position in shares of Alphabet during the fourth quarter worth $26,000. Equitec Proprietary Markets LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $28,000. Buck Wealth Strategies LLC bought a new stake in shares of Alphabet in the 3rd quarter valued at $32,000. Finally, Barometer Capital Management Inc. acquired a new stake in Alphabet during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the subject of several research reports. Susquehanna increased their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Oppenheimer lifted their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Raymond James lifted their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, Stifel Nicolaus upped their price target on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $165.67.

Alphabet Stock Down 1.7 %

NASDAQ GOOG traded down $2.94 during trading hours on Thursday, hitting $175.06. 14,916,642 shares of the company traded hands, compared to its average volume of 22,024,479. The stock has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 1.33 and a beta of 1.02. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $179.95. The business’s 50-day moving average is $161.59 and its 200-day moving average is $147.79. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same period last year, the business earned $1.17 earnings per share. The firm’s revenue was up 15.4% on a year-over-year basis. Sell-side analysts anticipate that Alphabet Inc. will post 7.7 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $173.22, for a total value of $3,897,450.00. Following the sale, the chief executive officer now owns 2,258,011 shares in the company, valued at $391,132,665.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the transaction, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $173.22, for a total transaction of $3,897,450.00. Following the sale, the chief executive officer now owns 2,258,011 shares of the company’s stock, valued at $391,132,665.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 205,935 shares of company stock worth $31,178,987. Company 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.