Compass Capital Corp MA ADV Makes New Investment in Alphabet Inc. (NASDAQ:GOOG)

Compass Capital Corp MA ADV acquired a new stake in Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,560 shares of the information services provider’s stock, valued at approximately $3,079,000. Alphabet comprises 1.2% of Compass Capital Corp MA ADV’s holdings, making the stock its 20th largest position.

Several other institutional investors also recently bought and sold shares of the business. WP Advisors LLC grew its holdings in Alphabet by 6.6% in the fourth quarter. WP Advisors LLC now owns 92,797 shares of the information services provider’s stock valued at $17,672,000 after purchasing an additional 5,712 shares during the period. Cordatus Wealth Management LLC increased its holdings in shares of Alphabet by 4.0% during the 4th quarter. Cordatus Wealth Management LLC now owns 44,619 shares of the information services provider’s stock worth $8,497,000 after buying an additional 1,734 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in shares of Alphabet in the 4th quarter worth $202,000. Waterfront Wealth Inc. boosted its holdings in Alphabet by 8.8% in the fourth quarter. Waterfront Wealth Inc. now owns 4,606 shares of the information services provider’s stock valued at $877,000 after acquiring an additional 374 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in Alphabet during the fourth quarter valued at about $366,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 0.2 %

Shares of GOOG opened at $181.19 on Tuesday. Alphabet Inc. has a one year low of $131.55 and a one year high of $208.70. The stock has a 50-day moving average price of $193.68 and a 200 day moving average price of $177.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $2.21 trillion, a P/E ratio of 22.51, a P/E/G ratio of 1.34 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Sell-side analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the sale, the insider now owns 1,449,286 shares of the company’s stock, valued at $265,914,995.28. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,299 shares of company stock valued at $25,055,751. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GOOG shares. Wells Fargo & Company raised their price objective on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Pivotal Research raised their price target on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays lifted their price target on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

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.