Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 27.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,471 shares of the information services provider’s stock after purchasing an additional 1,624 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Alphabet were worth $1,423,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. MayTech Global Investments LLC raised its stake in shares of Alphabet by 2.4% during the second quarter. MayTech Global Investments LLC now owns 219,439 shares of the information services provider’s stock valued at $40,249,000 after purchasing an additional 5,052 shares during the period. Nia Impact Advisors LLC purchased a new stake in Alphabet during the 2nd quarter worth $225,000. Providence Wealth Advisors LLC increased its stake in Alphabet by 17.1% during the 2nd quarter. Providence Wealth Advisors LLC now owns 9,789 shares of the information services provider’s stock worth $1,797,000 after buying an additional 1,430 shares during the period. Plato Investment Management Ltd lifted its holdings in Alphabet by 9.6% in the 2nd quarter. Plato Investment Management Ltd now owns 124,276 shares of the information services provider’s stock worth $22,795,000 after buying an additional 10,896 shares in the last quarter. Finally, Rathbones Group PLC boosted its position in Alphabet by 0.4% in the 2nd quarter. Rathbones Group PLC now owns 2,075,202 shares of the information services provider’s stock valued at $380,634,000 after buying an additional 7,351 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,368 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the sale, the director now owns 21,824 shares in the company, valued at $4,142,195.20. The trade was a 6.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,553 shares of company stock worth $23,817,951. 12.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price objective on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Citigroup increased their target price on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer lifted their price target on shares of Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. 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 stock. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $200.56.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $191.05 on Wednesday. The company has a market cap of $2.34 trillion, a PE ratio of 25.34, a P/E/G ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $202.88. The firm has a 50-day simple moving average of $184.95 and a 200 day simple moving average of $174.55. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

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

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.42%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

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.