Keystone Wealth Services LLC Has $531,000 Position in Alphabet Inc. (NASDAQ:GOOG)

Keystone Wealth Services LLC raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,787 shares of the information services provider’s stock after purchasing an additional 159 shares during the period. Keystone Wealth Services LLC’s holdings in Alphabet were worth $531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOG. Swedbank AB grew its stake in shares of Alphabet by 0.6% in the third quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock valued at $1,394,181,000 after acquiring an additional 51,226 shares in the last quarter. United Advisor Group LLC grew its stake in shares of Alphabet by 50.5% in the third quarter. United Advisor Group LLC now owns 4,908 shares of the information services provider’s stock valued at $821,000 after acquiring an additional 1,646 shares in the last quarter. Sentry Investment Management LLC lifted its position in Alphabet by 7.4% during the third quarter. Sentry Investment Management LLC now owns 26,145 shares of the information services provider’s stock worth $4,371,000 after purchasing an additional 1,812 shares during the period. Amalgamated Bank lifted its position in Alphabet by 0.4% during the third quarter. Amalgamated Bank now owns 1,055,056 shares of the information services provider’s stock worth $176,395,000 after purchasing an additional 3,758 shares during the period. Finally, Arista Wealth Management LLC lifted its position in Alphabet by 39.7% during the third quarter. Arista Wealth Management LLC now owns 1,622 shares of the information services provider’s stock worth $271,000 after purchasing an additional 461 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Finally, Benchmark reissued a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. One 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.13.

Alphabet Stock Performance

NASDAQ:GOOG opened at $174.99 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 52-week low of $131.95 and a 52-week high of $208.70. The firm has a market cap of $2.13 trillion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.34 and a beta of 1.00. The business’s fifty day moving average is $190.68 and its 200 day moving average is $177.91.

Alphabet (NASDAQ:GOOG) last announced 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 return on equity of 32.49% and a net margin of 28.60%. Research analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Alphabet’s dividend payout ratio is currently 9.94%.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction that occurred 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 owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,374 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total value of $238,347.78. Following the transaction, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at $2,606,213.28. The trade was a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,316 shares of company stock worth $25,062,887 in the last ninety days. 12.99% of the stock is currently owned by insiders.

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.