Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,565 shares of the information services provider’s stock after acquiring an additional 725 shares during the period. Alphabet comprises approximately 1.6% of Future Financial Wealth Managment LLC’s holdings, making the stock its 15th biggest position. Future Financial Wealth Managment LLC’s holdings in Alphabet were worth $2,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cadent Capital Advisors LLC increased its holdings in shares of Alphabet by 7.9% in the 4th quarter. Cadent Capital Advisors LLC now owns 4,185 shares of the information services provider’s stock valued at $797,000 after acquiring an additional 306 shares during the last quarter. Wedmont Private Capital increased its stake in Alphabet by 6.1% during the fourth quarter. Wedmont Private Capital now owns 88,841 shares of the information services provider’s stock valued at $17,161,000 after purchasing an additional 5,079 shares during the last quarter. Fragasso Financial Advisors Inc raised its holdings in shares of Alphabet by 5.1% during the fourth quarter. Fragasso Financial Advisors Inc now owns 5,950 shares of the information services provider’s stock worth $1,133,000 after purchasing an additional 290 shares during the period. Founders Capital Management lifted its position in shares of Alphabet by 1.0% in the 4th quarter. Founders Capital Management now owns 11,391 shares of the information services provider’s stock worth $2,169,000 after buying an additional 115 shares during the last quarter. Finally, JTC Employer Solutions Trustee Ltd boosted its holdings in shares of Alphabet by 23.3% in the 4th quarter. JTC Employer Solutions Trustee Ltd now owns 54,008 shares of the information services provider’s stock valued at $10,399,000 after buying an additional 10,220 shares during the period. Institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG traded down $1.20 during trading hours on Monday, hitting $191.97. 8,247,402 shares of the company’s stock traded hands, compared to its average volume of 15,684,559. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $202.88. The company has a market cap of $2.35 trillion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The company’s fifty day simple moving average is $184.12 and its two-hundred day simple moving average is $174.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

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

Alphabet Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. Alphabet’s dividend payout ratio is 10.61%.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the transaction, the chief executive officer now owns 2,106,806 shares in the company, valued at $350,361,837.80. This trade represents a 1.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $167.23, for a total value of $473,929.82. Following the sale, the chief accounting officer now owns 26,349 shares of the company’s stock, valued at approximately $4,406,343.27. The trade was a 9.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,387 shares of company stock valued at $27,748,931. 12.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on GOOG. Pivotal Research increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group increased their target price on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Finally, Wells Fargo & Company increased their price objective on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $200.56.

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.