Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 494,220 shares of the information services provider’s stock after purchasing an additional 8,931 shares during the quarter. Alphabet makes up 4.2% of Joel Isaacson & Co. LLC’s investment portfolio, making the stock its 7th largest holding. Joel Isaacson & Co. LLC’s holdings in Alphabet were worth $94,119,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its position in shares of Alphabet by 42.8% during the third quarter. Exchange Traded Concepts LLC now owns 6,511 shares of the information services provider’s stock valued at $1,089,000 after purchasing an additional 1,953 shares during the period. Creative Planning increased its position in shares of Alphabet by 6.4% during the third quarter. Creative Planning now owns 1,544,297 shares of the information services provider’s stock valued at $256,177,000 after purchasing an additional 92,556 shares during the period. BlueSky Wealth Advisors LLC increased its position in shares of Alphabet by 3.4% during the third quarter. BlueSky Wealth Advisors LLC now owns 30,337 shares of the information services provider’s stock valued at $5,072,000 after purchasing an additional 994 shares during the period. GenWealth Group Inc. increased its position in shares of Alphabet by 12.4% during the third quarter. GenWealth Group Inc. now owns 1,455 shares of the information services provider’s stock valued at $243,000 after purchasing an additional 160 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC increased its position in shares of Alphabet by 30.2% during the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 4,157 shares of the information services provider’s stock valued at $695,000 after purchasing an additional 964 shares during the period. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

GOOG has been the topic of a number of research reports. Oppenheimer boosted their price objective on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Scotiabank boosted their price objective on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. UBS Group boosted their price target on Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, Barclays boosted their price target on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

Alphabet Trading Down 0.6 %

Shares of GOOG opened at $187.07 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $208.70. The firm has a market capitalization of $2.29 trillion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.00. The stock’s fifty day simple moving average is $193.42 and its 200-day simple moving average is $176.27.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Activity at Alphabet

In related news, Director Kavitark Ram Shriram sold 37,134 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now owns 282,832 shares in the company, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,529 shares of company stock worth $16,600,078. 12.99% of the stock is owned by insiders.

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.