6,777 Shares in Alphabet Inc. (NASDAQ:GOOG) Bought by Matauro LLC

Matauro LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 6,777 shares of the information services provider’s stock, valued at approximately $1,291,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Variant Private Wealth LLC acquired a new position in Alphabet during the 4th quarter valued at approximately $826,000. Bell Bank boosted its holdings in shares of Alphabet by 1.7% during the fourth quarter. Bell Bank now owns 32,726 shares of the information services provider’s stock valued at $6,232,000 after acquiring an additional 541 shares during the period. Dividend Assets Capital LLC boosted its holdings in shares of Alphabet by 10.5% during the fourth quarter. Dividend Assets Capital LLC now owns 2,422 shares of the information services provider’s stock valued at $461,000 after acquiring an additional 230 shares during the period. Greystone Financial Group LLC grew its position in shares of Alphabet by 4.9% during the fourth quarter. Greystone Financial Group LLC now owns 3,386 shares of the information services provider’s stock worth $645,000 after acquiring an additional 159 shares during the last quarter. Finally, Capital Advisory Group Advisory Services LLC increased its holdings in shares of Alphabet by 25.1% in the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 5,378 shares of the information services provider’s stock worth $1,024,000 after acquiring an additional 1,078 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GOOG shares. Citigroup boosted their target price on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. UBS Group boosted their price objective on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Pivotal Research raised their price target on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,299 shares of company stock worth $25,055,751. Company insiders own 12.99% of the company’s stock.

Alphabet Trading Down 2.1 %

Shares of NASDAQ:GOOG opened at $177.37 on Wednesday. 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 stock has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 22.03, a PEG ratio of 1.34 and a beta of 1.00. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $208.70. The company has a 50 day moving average price of $193.29 and a 200 day moving average price of $177.66.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. On average, research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. Alphabet’s dividend payout ratio is currently 9.94%.

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.