Atlas Capital Advisors Inc. Has $6.91 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Atlas Capital Advisors Inc. grew its position in Alphabet Inc. (NASDAQ:GOOG) by 291.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 36,282 shares of the information services provider’s stock after acquiring an additional 27,012 shares during the period. Atlas Capital Advisors Inc.’s holdings in Alphabet were worth $6,910,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of GOOG. Geode Capital Management LLC boosted its stake in shares of Alphabet by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 104,777,092 shares of the information services provider’s stock valued at $19,894,651,000 after purchasing an additional 1,219,606 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Alphabet by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,824,307 shares of the information services provider’s stock worth $5,870,181,000 after buying an additional 875,480 shares during the period. Norges Bank bought a new stake in Alphabet during the 4th quarter worth approximately $5,166,070,000. Principal Financial Group Inc. increased its position in Alphabet by 2.5% in the 3rd 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 acquiring an additional 264,962 shares during the period. Finally, Swedbank AB raised its stake in shares of Alphabet by 1.7% during the fourth quarter. Swedbank AB now owns 8,483,070 shares of the information services provider’s stock valued at $1,615,516,000 after acquiring an additional 144,170 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on GOOG shares. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Rosenblatt Securities restated a “neutral” rating on shares of Alphabet in a report on Wednesday, March 19th. Finally, Morgan Stanley restated an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.65.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the sale, the director now directly owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the sale, the chief accounting officer now owns 17,847 shares in the company, valued at $3,468,029.04. This trade represents a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,297 shares of company stock worth $15,936,270. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Performance

GOOG opened at $158.86 on Thursday. Alphabet Inc. has a 1-year low of $148.20 and a 1-year high of $208.70. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 19.73, a PEG ratio of 1.34 and a beta of 1.04. The company’s fifty day moving average price is $179.06 and its two-hundred day moving average price is $178.56. 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 posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given 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 0.50%. Alphabet’s payout ratio is 9.94%.

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.