Clune & Associates LTD. Invests $784,000 in Alphabet Inc. (NASDAQ:GOOG)

Clune & Associates LTD. bought a new position in Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 4,117 shares of the information services provider’s stock, valued at approximately $784,000.

Other large investors have also recently made changes to their positions in the company. Weiss Asset Management LP bought a new stake in shares of Alphabet in the 3rd quarter worth about $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet in the 4th quarter worth about $27,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Alphabet in the 3rd quarter worth about $33,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Alphabet in the 4th quarter worth about $39,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet during the 4th quarter worth about $43,000. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Rosenblatt Securities reaffirmed a “neutral” rating on shares of Alphabet in a research note on Wednesday. Scotiabank lifted their price target on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Alphabet in a research note on Wednesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 1,368 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $3,961,445.55. This trade represents a 6.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock worth $17,374,274 in the last 90 days. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Up 0.7 %

NASDAQ:GOOG opened at $166.25 on Monday. 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 firm has a market cap of $2.03 trillion, a P/E ratio of 20.65, a P/E/G ratio of 1.34 and a beta of 1.03. The firm has a 50-day simple moving average of $184.37 and a 200-day simple moving average of $178.22. Alphabet Inc. has a one year low of $148.20 and a one year high of $208.70.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data 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%. Equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

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.