Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Naviter Wealth LLC

Naviter Wealth LLC lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 21.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 40,014 shares of the information services provider’s stock after buying an additional 7,092 shares during the quarter. Alphabet accounts for approximately 1.1% of Naviter Wealth LLC’s portfolio, making the stock its 18th biggest position. Naviter Wealth LLC’s holdings in Alphabet were worth $5,639,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC lifted its holdings in Alphabet by 2.1% during the 3rd quarter. Opal Wealth Advisors LLC now owns 5,486 shares of the information services provider’s stock worth $723,000 after buying an additional 111 shares in the last quarter. Czech National Bank increased its position in shares of Alphabet by 45.8% during the third quarter. Czech National Bank now owns 882,124 shares of the information services provider’s stock worth $116,308,000 after acquiring an additional 277,156 shares during the period. Warren Street Wealth Advisors LLC raised its stake in shares of Alphabet by 9.4% in the third quarter. Warren Street Wealth Advisors LLC now owns 12,417 shares of the information services provider’s stock valued at $1,637,000 after acquiring an additional 1,063 shares in the last quarter. Benin Management CORP boosted its holdings in Alphabet by 161.6% in the third quarter. Benin Management CORP now owns 10,425 shares of the information services provider’s stock valued at $1,375,000 after purchasing an additional 6,440 shares during the period. Finally, Intergy Private Wealth LLC increased its holdings in Alphabet by 5.4% during the 3rd quarter. Intergy Private Wealth LLC now owns 2,581 shares of the information services provider’s stock worth $340,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Up 0.9 %

GOOG stock opened at $169.39 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10. The company has a market cap of $2.11 trillion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.59 and a beta of 1.05. Alphabet Inc. has a 12 month low of $104.50 and a 12 month high of $176.42. The company has a fifty day moving average price of $149.64 and a 200 day moving average price of $142.97.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. Alphabet’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS. Sell-side analysts expect that Alphabet Inc. will post 6.8 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of analyst reports. Oppenheimer raised their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Stifel Nicolaus increased their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Susquehanna boosted their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Finally, Raymond James increased their target price on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $165.67.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 253,209 shares of company stock worth $36,711,144. Company insiders own 12.99% of the company’s stock.

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.