Integrity Wealth Advisors Inc. Buys New Shares in Alphabet Inc. (NASDAQ:GOOG)

Integrity Wealth Advisors Inc. purchased a new position in Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,469 shares of the information services provider’s stock, valued at approximately $8,659,000. Alphabet accounts for approximately 6.3% of Integrity Wealth Advisors Inc.’s investment portfolio, making the stock its 5th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the 4th quarter valued at $27,000. LSV Asset Management bought a new position in shares of Alphabet in the fourth quarter valued at approximately $27,000. WealthTrak Capital Management LLC bought a new stake in Alphabet during the fourth quarter worth $38,000. Mountain Hill Investment Partners Corp. bought a new position in Alphabet during the 4th quarter valued at $39,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Alphabet in the 4th quarter worth $43,000. 27.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction 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 approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,497 shares of company stock valued at $20,837,150 over the last three months. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GOOG shares. Rosenblatt Securities reaffirmed a “neutral” rating on shares of Alphabet in a research report on Wednesday, March 19th. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. UBS Group cut their price target on shares of Alphabet from $209.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $208.71.

Alphabet Trading Up 1.3 %

Shares of GOOG stock opened at $161.47 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.97 trillion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. The business has a 50-day moving average price of $169.86 and a two-hundred day moving average price of $177.96. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. Equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s payout ratio is presently 9.94%.

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.