Sellwood Investment Partners LLC Acquires New Holdings in Alphabet Inc. (NASDAQ:GOOG)

Sellwood Investment Partners LLC bought a new position in Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 228 shares of the information services provider’s stock, valued at approximately $43,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Weiss Asset Management LP acquired a new position in Alphabet in the third quarter valued at about $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $27,000. Safe Harbor Fiduciary LLC bought a new stake in Alphabet during the 3rd quarter worth approximately $33,000. Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet during the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC bought a new position in Alphabet in the fourth quarter valued at approximately $43,000. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the business’s 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 directly owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the transaction, the insider now owns 1,449,286 shares in the company, 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 a total of 93,048 shares of company stock worth $17,374,274 over the last quarter. Company insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GOOG shares. Benchmark reissued a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Alphabet in a report on Wednesday, March 19th. Oppenheimer boosted their price target on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $209.13.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $172.79 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.11 trillion, a P/E ratio of 21.46, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12 month low of $148.20 and a 12 month high of $208.70. The stock has a 50 day moving average of $183.56 and a 200-day moving average of $178.44.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data 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 net margin of 28.60% and a return on equity of 32.49%. As a group, equities research analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Alphabet 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.