Madrona Financial Services LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,631 shares of the information services provider’s stock after acquiring an additional 176 shares during the period. Madrona Financial Services LLC’s holdings in Alphabet were worth $1,453,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Ninepoint Partners LP lifted its holdings in Alphabet by 7.4% during the 2nd quarter. Ninepoint Partners LP now owns 7,423 shares of the information services provider’s stock valued at $1,362,000 after purchasing an additional 514 shares during the last quarter. Texas Capital Bancshares Inc TX bought a new position in Alphabet in the 2nd quarter valued at $306,000. Kathmere Capital Management LLC lifted its stake in shares of Alphabet by 19.4% during the second quarter. Kathmere Capital Management LLC now owns 18,531 shares of the information services provider’s stock valued at $3,399,000 after acquiring an additional 3,010 shares during the period. Empirical Capital Management LLC boosted its holdings in Alphabet by 244.8% in the second quarter. Empirical Capital Management LLC now owns 100,000 shares of the information services provider’s stock valued at $18,342,000 after acquiring an additional 71,000 shares during the last quarter. Finally, Rockport Wealth LLC increased its position in Alphabet by 134.0% in the second quarter. Rockport Wealth LLC now owns 4,365 shares of the information services provider’s stock worth $801,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 27.26% of the company’s stock.
Insiders Place Their Bets
In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $171.42, for a total transaction of $234,331.14. Following the transaction, the chief accounting officer now owns 26,349 shares of the company’s stock, valued at $4,516,745.58. The trade was a 4.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Arnold sold 441 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now directly owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,387 shares of company stock valued at $24,368,654 in the last three months. 12.99% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Alphabet Stock Up 1.2 %
GOOG stock opened at $201.90 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. The stock has a market capitalization of $2.47 trillion, a P/E ratio of 26.78, a P/E/G ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $203.84. The business has a 50-day moving average of $187.95 and a 200-day moving average of $175.31.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. During the same quarter in the prior year, the firm posted $1.55 EPS. The business’s revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.40%. Alphabet’s payout ratio is currently 10.61%.
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.
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