Myecfo LLC Increases Position in Alphabet Inc. (NASDAQ:GOOG)

Myecfo LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,560 shares of the information services provider’s stock after purchasing an additional 932 shares during the period. Alphabet makes up approximately 1.1% of Myecfo LLC’s holdings, making the stock its 20th largest holding. Myecfo LLC’s holdings in Alphabet were worth $1,962,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tuttle Capital Management LLC increased its stake in shares of Alphabet by 34.6% during the fourth quarter. Tuttle Capital Management LLC now owns 2,456 shares of the information services provider’s stock worth $468,000 after purchasing an additional 632 shares in the last quarter. Signal Advisors Wealth LLC lifted its stake in shares of Alphabet by 27.8% in the fourth quarter. Signal Advisors Wealth LLC now owns 7,471 shares of the information services provider’s stock worth $1,423,000 after buying an additional 1,624 shares in the last quarter. Arbor Wealth Advisors LLC boosted its position in Alphabet by 20.4% during the fourth quarter. Arbor Wealth Advisors LLC now owns 2,624 shares of the information services provider’s stock worth $500,000 after acquiring an additional 444 shares during the last quarter. Shira Ridge Wealth Management grew its stake in Alphabet by 1.1% during the 4th quarter. Shira Ridge Wealth Management now owns 15,656 shares of the information services provider’s stock valued at $2,982,000 after acquiring an additional 166 shares in the last quarter. Finally, Professional Financial Advisors LLC raised its holdings in Alphabet by 1.4% in the 4th quarter. Professional Financial Advisors LLC now owns 10,052 shares of the information services provider’s stock valued at $1,914,000 after acquiring an additional 135 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the transaction, the director now directly owns 16,490 shares in the company, valued at approximately $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the completion of the sale, the director now owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. This trade represents a 3.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,553 shares of company stock valued at $23,817,951. Corporate insiders own 12.99% of the company’s stock.

Alphabet Trading Down 0.6 %

NASDAQ:GOOG opened at $191.05 on Wednesday. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $202.88. The firm has a market cap of $2.34 trillion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of $184.95 and a 200 day moving average price of $174.55.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 EPS. Sell-side analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. Alphabet’s payout ratio is currently 10.61%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GOOG shares. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Barclays raised their price objective on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Pivotal Research lifted their target price on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $200.56.

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.