Altiora Financial Group LLC Has $836,000 Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Altiora Financial Group LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,390 shares of the information services provider’s stock after buying an additional 150 shares during the period. Altiora Financial Group LLC’s holdings in Alphabet were worth $836,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Swedbank AB boosted its holdings in shares of Alphabet by 0.6% during the 3rd quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock worth $1,394,181,000 after buying an additional 51,226 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Alphabet by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock worth $1,843,149,000 after buying an additional 264,962 shares during the period. Summit Wealth & Retirement Planning Inc. boosted its holdings in shares of Alphabet by 3.2% during the 3rd quarter. Summit Wealth & Retirement Planning Inc. now owns 5,164 shares of the information services provider’s stock worth $863,000 after buying an additional 160 shares during the period. Costello Asset Management INC boosted its holdings in shares of Alphabet by 2.3% during the 3rd quarter. Costello Asset Management INC now owns 29,710 shares of the information services provider’s stock worth $4,967,000 after buying an additional 660 shares during the period. Finally, Liberty Wealth Management LLC boosted its holdings in shares of Alphabet by 0.7% during the 3rd quarter. Liberty Wealth Management LLC now owns 11,270 shares of the information services provider’s stock worth $1,884,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOG opened at $167.81 on Tuesday. The company has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.34 and a beta of 1.03. 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 moving average of $189.36 and a 200-day moving average of $178.09. Alphabet Inc. has a 52 week low of $137.07 and a 52 week high of $208.70.

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

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. Scotiabank increased their price target on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Benchmark reissued a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. One investment 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $209.13.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the sale, the director now owns 23,324 shares in the company, valued at approximately $4,529,987.28. This trade represents a 6.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction 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. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,182 shares of company stock worth $18,192,354 in the last quarter. 12.99% of the stock is owned by corporate insiders.

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.