Keyvantage Wealth LLC Purchases New Shares in Alphabet Inc. (NASDAQ:GOOG)

Keyvantage Wealth LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,784 shares of the information services provider’s stock, valued at approximately $530,000.

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

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. This represents a 1.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 17,690 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the sale, the insider now directly owns 43,111 shares of the company’s stock, valued at $7,997,521.61. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,163 shares of company stock worth $25,361,647. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

GOOG has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Westpark Capital initiated coverage on Alphabet in a report on Tuesday, April 1st. They issued a “buy” rating and a $210.00 target price for the company. Rosenblatt Securities reiterated a “neutral” rating on shares of Alphabet in a research report on Wednesday, March 19th. Finally, KeyCorp cut their price target on shares of Alphabet from $202.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $208.38.

Alphabet Stock Up 2.6 %

NASDAQ:GOOG opened at $157.97 on Thursday. The company’s 50 day moving average is $165.19 and its two-hundred day moving average is $177.19. The company has a market cap of $1.93 trillion, a PE ratio of 19.62, a P/E/G ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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%. Analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current 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 dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet’s dividend payout ratio is presently 9.94%.

Alphabet 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.