Front Row Advisors LLC Has $3.15 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Front Row Advisors LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,549 shares of the information services provider’s stock after selling 120 shares during the period. Alphabet comprises about 1.1% of Front Row Advisors LLC’s portfolio, making the stock its 22nd largest position. Front Row Advisors LLC’s holdings in Alphabet were worth $3,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at about $27,000. Weiss Asset Management LP acquired a new stake in Alphabet in the 3rd quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in Alphabet in the 3rd quarter valued at approximately $33,000. WealthTrak Capital Management LLC acquired a new position in Alphabet during the 4th quarter worth approximately $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $39,000. 27.26% of the stock is owned by institutional investors.

Alphabet Trading Up 0.1 %

Shares of Alphabet stock opened at $156.23 on Tuesday. Alphabet Inc. has a 52-week low of $148.20 and a 52-week high of $208.70. The stock has a market cap of $1.90 trillion, a PE ratio of 19.41, a PEG ratio of 1.34 and a beta of 1.03. The firm has a 50-day moving average of $180.70 and a 200-day moving average of $178.70. 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 (NASDAQ:GOOG) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. Alphabet’s payout ratio is 9.94%.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,368 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the sale, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $3,961,445.55. This trade represents a 6.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 11,764 shares of Alphabet stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the transaction, the insider now directly owns 49,037 shares in the company, valued at $8,181,333.08. This trade represents a 19.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,992 shares of company stock valued at $16,093,773. 12.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GOOG shares. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Benchmark reissued a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Morgan Stanley reaffirmed 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 given a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $208.56.

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.