1,143 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by Lowery Thomas LLC

Lowery Thomas LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,143 shares of the information services provider’s stock, valued at approximately $218,000.

Other large investors have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. purchased a new stake in Alphabet during the 4th quarter worth approximately $27,000. Weiss Asset Management LP purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $33,000. Noble Wealth Management PBC purchased a new stake in shares of Alphabet in the 4th quarter valued at approximately $43,000. Finally, FPC Investment Advisory Inc. increased its position in shares of Alphabet by 287.9% in the 4th quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 167 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 4.5 %

Shares of NASDAQ:GOOG opened at $167.81 on Tuesday. The stock has a market cap of $2.05 trillion, a P/E ratio of 20.85, a P/E/G ratio of 1.34 and a beta of 1.03. The firm has a fifty day moving average price of $189.36 and a 200 day moving average price of $178.09. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 1-year low of $137.07 and a 1-year high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its quarterly 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%. Sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analyst Weigh In

A number of brokerages have commented on GOOG. Scotiabank increased their price objective on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Oppenheimer increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Needham & Company LLC reissued a “buy” 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 given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,374 shares of the firm’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,606,213.28. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the sale, the director now owns 23,324 shares of the company’s stock, valued at $4,529,987.28. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,182 shares of company stock worth $18,192,354. Company insiders own 12.99% of the company’s stock.

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.