Alphabet Inc. (NASDAQ:GOOG) is Atomi Financial Group Inc.’s 7th Largest Position

Atomi Financial Group Inc. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 64.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,792 shares of the information services provider’s stock after purchasing an additional 77,269 shares during the quarter. Alphabet makes up approximately 1.9% of Atomi Financial Group Inc.’s portfolio, making the stock its 7th biggest position. Atomi Financial Group Inc.’s holdings in Alphabet were worth $37,477,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Signature Resources Capital Management LLC lifted its stake in Alphabet by 6.7% during the fourth quarter. Signature Resources Capital Management LLC now owns 6,646 shares of the information services provider’s stock worth $1,266,000 after purchasing an additional 419 shares during the last quarter. Monterey Private Wealth Inc. lifted its stake in Alphabet by 11.1% during the fourth quarter. Monterey Private Wealth Inc. now owns 11,637 shares of the information services provider’s stock worth $2,216,000 after purchasing an additional 1,161 shares during the last quarter. Transform Wealth LLC lifted its stake in Alphabet by 49.7% during the fourth quarter. Transform Wealth LLC now owns 40,376 shares of the information services provider’s stock worth $7,689,000 after purchasing an additional 13,400 shares during the last quarter. Alpha Cubed Investments LLC increased its position in Alphabet by 0.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 50,426 shares of the information services provider’s stock worth $9,603,000 after buying an additional 139 shares during the period. Finally, Charles Schwab Trust Co increased its position in Alphabet by 22.9% during the fourth quarter. Charles Schwab Trust Co now owns 5,259 shares of the information services provider’s stock worth $1,002,000 after buying an additional 979 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Down 0.2 %

Alphabet stock opened at $199.58 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $203.84. The company has a market cap of $2.44 trillion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. The stock’s 50 day moving average price is $186.95 and its 200 day moving average price is $175.06.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. Alphabet’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 8.03 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. Alphabet’s payout ratio is 10.61%.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the sale, the chief accounting officer now directly owns 17,847 shares in the company, valued at approximately $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the sale, the director now owns 23,324 shares in the company, valued at $4,529,987.28. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,387 shares of company stock worth $24,368,654. 12.99% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on GOOG. Barclays lifted their price target on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Pivotal Research lifted their price target on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, UBS Group boosted their target price on Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

Alphabet Company 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.