Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 21.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 403,102 shares of the information services provider’s stock after acquiring an additional 72,185 shares during the period. Alphabet makes up about 1.8% of NEOS Investment Management LLC’s investment portfolio, making the stock its 10th largest position. NEOS Investment Management LLC’s holdings in Alphabet were worth $76,767,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Weiss Asset Management LP bought a new stake in shares of Alphabet in the 3rd quarter worth approximately $25,000. Fiduciary Advisors Inc. acquired a new position in Alphabet in the fourth quarter worth approximately $27,000. Safe Harbor Fiduciary LLC bought a new position in shares of Alphabet in the third quarter valued at $33,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet during the 4th quarter valued at $39,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Alphabet during the 4th quarter worth $43,000. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,048 shares of company stock valued at $17,374,274. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GOOG shares. Wedbush reaffirmed an “outperform” rating and set a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Oppenheimer boosted their price objective on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Benchmark reiterated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Alphabet in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $209.13.

Alphabet Stock Down 3.3 %

Alphabet stock opened at $167.14 on Thursday. The company has a market capitalization of $2.04 trillion, a P/E ratio of 20.76, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1-year low of $148.20 and a 1-year high of $208.70. The firm’s fifty day simple moving average is $182.96 and its 200-day simple moving average is $178.36. 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 released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. Sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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