Jackson Hole Capital Partners LLC Has $17.42 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Jackson Hole Capital Partners LLC raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,481 shares of the information services provider’s stock after purchasing an additional 2,232 shares during the period. Alphabet makes up approximately 3.5% of Jackson Hole Capital Partners LLC’s holdings, making the stock its 3rd biggest position. Jackson Hole Capital Partners LLC’s holdings in Alphabet were worth $17,422,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Swedbank AB lifted its holdings in shares of Alphabet by 0.6% during 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 period. Principal Financial Group Inc. boosted its position in Alphabet by 2.5% in the third quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock valued at $1,843,149,000 after buying an additional 264,962 shares in the last quarter. Rovin Capital UT ADV boosted its position in Alphabet by 88.9% in the third quarter. Rovin Capital UT ADV now owns 2,357 shares of the information services provider’s stock valued at $394,000 after buying an additional 1,109 shares in the last quarter. Carson Advisory Inc. boosted its position in Alphabet by 107.4% in the third quarter. Carson Advisory Inc. now owns 4,678 shares of the information services provider’s stock valued at $782,000 after buying an additional 2,422 shares in the last quarter. Finally, Beta Wealth Group Inc. boosted its position in Alphabet by 11.2% in the third quarter. Beta Wealth Group Inc. now owns 19,458 shares of the information services provider’s stock valued at $3,253,000 after buying an additional 1,958 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Performance

Shares of GOOG opened at $175.75 on Monday. Alphabet Inc. has a 12 month low of $134.80 and a 12 month high of $208.70. The firm has a fifty day simple moving average of $189.85 and a 200 day simple moving average of $178.07. The stock has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its 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 net margin of 28.60% and a return on equity of 32.49%. Research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Insider Buying and Selling

In other Alphabet news, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the sale, the insider now directly owns 1,449,286 shares of the company’s stock, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,374 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the sale, the chief accounting officer now directly owns 15,024 shares in the company, valued at $2,606,213.28. This trade represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,316 shares of company stock worth $25,062,887. 12.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on GOOG. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush restated an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

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.