Alphabet Inc. (NASDAQ:GOOG) Holdings Lifted by Shira Ridge Wealth Management

Shira Ridge Wealth Management grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,656 shares of the information services provider’s stock after purchasing an additional 166 shares during the quarter. Alphabet accounts for 1.5% of Shira Ridge Wealth Management’s investment portfolio, making the stock its 21st biggest position. Shira Ridge Wealth Management’s holdings in Alphabet were worth $2,982,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. MayTech Global Investments LLC increased its stake in Alphabet by 2.4% during the 2nd quarter. MayTech Global Investments LLC now owns 219,439 shares of the information services provider’s stock valued at $40,249,000 after buying an additional 5,052 shares during the period. Nia Impact Advisors LLC bought a new position in shares of Alphabet in the second quarter valued at approximately $225,000. Providence Wealth Advisors LLC boosted its holdings in shares of Alphabet by 17.1% in the second quarter. Providence Wealth Advisors LLC now owns 9,789 shares of the information services provider’s stock valued at $1,797,000 after acquiring an additional 1,430 shares in the last quarter. Plato Investment Management Ltd increased its stake in shares of Alphabet by 9.6% during the second quarter. Plato Investment Management Ltd now owns 124,276 shares of the information services provider’s stock valued at $22,795,000 after acquiring an additional 10,896 shares during the period. Finally, Rathbones Group PLC raised its holdings in Alphabet by 0.4% during the second quarter. Rathbones Group PLC now owns 2,075,202 shares of the information services provider’s stock worth $380,634,000 after purchasing an additional 7,351 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Down 0.6 %

Shares of NASDAQ GOOG opened at $191.05 on Wednesday. The firm has a market capitalization of $2.34 trillion, a PE ratio of 25.34, a PEG ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a one year low of $131.55 and a one year high of $202.88. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $184.95 and a two-hundred day moving average price of $174.55.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company posted $1.55 earnings per share. As a group, analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research reports. Phillip Securities raised Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Citigroup boosted their price target on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. UBS Group upped their price target on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.56.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the sale, the director now owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. The trade was a 6.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,553 shares of company stock valued at $23,817,951. 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.