14,041 Shares in Alphabet Inc. (NASDAQ:GOOG) Bought by Petros Family Wealth LLC

Petros Family Wealth LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,041 shares of the information services provider’s stock, valued at approximately $2,674,000. Alphabet makes up 2.9% of Petros Family Wealth LLC’s portfolio, making the stock its 6th largest holding.

Other institutional investors have also made changes to their positions in the company. Elios Financial Group Inc. raised its holdings in shares of Alphabet by 11.2% in the 4th quarter. Elios Financial Group Inc. now owns 1,401 shares of the information services provider’s stock valued at $267,000 after purchasing an additional 141 shares during the period. Inlight Wealth Management LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $267,000. Hobbs Wealth Management LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $344,000. Coign Capital Advisors LLC bought a new stake in Alphabet during the fourth quarter worth about $1,459,000. Finally, Heritage Trust Co acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $19,549,000. Institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 119,797 shares of company stock worth $21,089,470 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

Alphabet Trading Up 2.6 %

Shares of GOOG stock opened at $159.40 on Friday. The company has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.34 and a beta of 1.04. 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 50-day simple moving average of $170.50 and a two-hundred day simple moving average of $177.89. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70.

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

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Analysts Set New Price Targets

GOOG has been the topic of several research analyst reports. Westpark Capital assumed coverage on Alphabet in a research note on Tuesday, April 1st. They issued a “buy” rating and a $210.00 price objective on the stock. UBS Group lowered their target price on Alphabet from $209.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Finally, Benchmark reissued a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $208.71.

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.