Strid Group LLC Takes Position in Alphabet Inc. (NASDAQ:GOOG)

Strid Group LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, HoldingsChannel reports. The fund acquired 867 shares of the information services provider’s stock, valued at approximately $165,000.

Other large investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its stake in Alphabet by 42.8% in the third quarter. Exchange Traded Concepts LLC now owns 6,511 shares of the information services provider’s stock worth $1,089,000 after acquiring an additional 1,953 shares during the period. Creative Planning boosted its stake in shares of Alphabet by 6.4% during the third quarter. Creative Planning now owns 1,544,297 shares of the information services provider’s stock valued at $256,177,000 after purchasing an additional 92,556 shares in the last quarter. BlueSky Wealth Advisors LLC boosted its stake in shares of Alphabet by 3.4% during the third quarter. BlueSky Wealth Advisors LLC now owns 30,337 shares of the information services provider’s stock valued at $5,072,000 after purchasing an additional 994 shares in the last quarter. GenWealth Group Inc. increased its holdings in shares of Alphabet by 12.4% in the 3rd quarter. GenWealth Group Inc. now owns 1,455 shares of the information services provider’s stock valued at $243,000 after acquiring an additional 160 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC raised its holdings in Alphabet by 30.2% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 4,157 shares of the information services provider’s stock worth $695,000 after purchasing an additional 964 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOG opened at $187.07 on Wednesday. The firm’s fifty day moving average is $193.42 and its two-hundred day moving average is $176.27. The firm has a market cap of $2.29 trillion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.39 and a beta of 1.00. Alphabet Inc. has a one year low of $131.55 and a one year high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.95 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Scotiabank boosted their target price on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. JPMorgan Chase & Co. increased their target price on shares of Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Oppenheimer raised their price objective on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, UBS Group boosted their price target on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $209.13.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction on Monday, February 3rd. The shares were 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 of the company’s stock, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,529 shares of company stock worth $16,600,078 in the last three months. Company insiders own 12.99% of the company’s stock.

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.