Alphabet Inc. (NASDAQ:GOOG) is Barlow Wealth Partners Inc.’s Largest Position

Barlow Wealth Partners Inc. lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 3.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 258,802 shares of the information services provider’s stock after acquiring an additional 8,033 shares during the quarter. Alphabet makes up approximately 6.5% of Barlow Wealth Partners Inc.’s investment portfolio, making the stock its largest position. Barlow Wealth Partners Inc.’s holdings in Alphabet were worth $50,979,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. XML Financial LLC increased its holdings in Alphabet by 7.4% in the fourth quarter. XML Financial LLC now owns 20,665 shares of the information services provider’s stock valued at $3,936,000 after buying an additional 1,427 shares in the last quarter. AFG Fiduciary Services Limited Partnership acquired a new stake in shares of Alphabet during the 4th quarter valued at about $220,000. Nisa Investment Advisors LLC increased its stake in shares of Alphabet by 24.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,539,691 shares of the information services provider’s stock valued at $483,659,000 after purchasing an additional 506,187 shares in the last quarter. Genesis Private Wealth LLC acquired a new position in Alphabet in the 4th quarter worth about $458,000. Finally, Simon Quick Advisors LLC boosted its position in Alphabet by 4.7% during the fourth quarter. Simon Quick Advisors LLC now owns 41,282 shares of the information services provider’s stock worth $7,862,000 after purchasing an additional 1,836 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $171.42, for a total value of $234,331.14. Following the sale, the chief accounting officer now owns 26,349 shares of the company’s stock, valued at $4,516,745.58. The trade was a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the transaction, the director now owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. This represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock valued at $24,368,654 in the last quarter. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

GOOG has been the subject of several research analyst reports. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Citigroup upped their price objective on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their target price on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group upped their price target on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Scotiabank lifted their price objective on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $205.13.

Alphabet Stock Up 1.2 %

NASDAQ GOOG opened at $201.90 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $203.84. The business’s fifty day simple moving average is $187.39 and its 200-day simple moving average is $175.23. The firm has a market cap of $2.47 trillion, a PE ratio of 26.78, a P/E/G ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. Alphabet’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.40%. Alphabet’s dividend payout ratio (DPR) is 10.61%.

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.