International Private Wealth Advisors LLC Purchases 2,040 Shares of Alphabet Inc. (NASDAQ:GOOG)

International Private Wealth Advisors LLC lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 133.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,564 shares of the information services provider’s stock after purchasing an additional 2,040 shares during the quarter. International Private Wealth Advisors LLC’s holdings in Alphabet were worth $679,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC lifted its position in Alphabet by 42.8% in the third quarter. Exchange Traded Concepts LLC now owns 6,511 shares of the information services provider’s stock worth $1,089,000 after buying an additional 1,953 shares during the last quarter. Creative Planning raised its stake in shares of Alphabet by 6.4% in the third quarter. Creative Planning now owns 1,544,297 shares of the information services provider’s stock valued at $256,177,000 after acquiring an additional 92,556 shares during the period. Swedbank AB lifted its holdings in shares of Alphabet by 0.6% in the 3rd quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock worth $1,394,181,000 after acquiring an additional 51,226 shares during the last quarter. Sumitomo Life Insurance Co. boosted its stake in shares of Alphabet by 3.0% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 71,764 shares of the information services provider’s stock worth $11,998,000 after purchasing an additional 2,067 shares during the period. Finally, Indiana Trust & Investment Management Co boosted its stake in shares of Alphabet by 7.2% during the 3rd quarter. Indiana Trust & Investment Management Co now owns 7,841 shares of the information services provider’s stock worth $1,311,000 after purchasing an additional 530 shares during the period. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total value of $3,975,075.00. Following the transaction, the chief executive officer now owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 89,529 shares of company stock valued at $16,600,078. Corporate insiders own 12.99% of the company’s stock.

Alphabet Trading Up 1.3 %

GOOG opened at $187.88 on Friday. The firm has a market cap of $2.30 trillion, a price-to-earnings ratio of 23.34, a PEG ratio of 1.39 and a beta of 1.00. The company has a current ratio of 1.84, a quick ratio of 1.95 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $208.70. The stock has a fifty day moving average price of $193.89 and a 200-day moving average price of $176.47.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Analyst Ratings Changes

GOOG has been the subject of several analyst reports. Pivotal Research raised their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price target on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. UBS Group increased their price target on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Oppenheimer increased their price target on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their price target on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $209.13.

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.