Stonebridge Financial Planning Group LLC Buys 369 Shares of Alphabet Inc. (NASDAQ:GOOG)

Stonebridge Financial Planning Group LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,738 shares of the information services provider’s stock after purchasing an additional 369 shares during the period. Stonebridge Financial Planning Group LLC’s holdings in Alphabet were worth $1,283,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. GPS Wealth Strategies Group LLC raised its position in shares of Alphabet by 6.8% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider’s stock worth $3,094,000 after purchasing an additional 1,041 shares during the period. Harvest Investment Services LLC lifted its holdings in Alphabet by 3.3% during the 4th quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider’s stock worth $824,000 after purchasing an additional 138 shares during the last quarter. North Forty Two & Co. acquired a new stake in Alphabet during the 4th quarter worth approximately $281,000. SageView Advisory Group LLC raised its holdings in Alphabet by 140.6% in the 4th quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider’s stock valued at $2,806,000 after acquiring an additional 8,610 shares in the last quarter. Finally, Requisite Capital Management LLC acquired a new position in Alphabet in the 4th quarter valued at $927,000. Institutional investors own 27.26% of the company’s stock.

Insider Activity

In related news, insider John Kent Walker sold 11,764 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the transaction, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. The trade was a 19.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $155.90, for a total value of $5,066,750.00. Following the transaction, the chief executive officer now owns 2,652,696 shares in the company, valued at $413,555,306.40. This trade represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,054 shares of company stock valued at $17,722,605. Insiders own 12.99% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOG opened at $171.98 on Friday. The firm has a market capitalization of $2.09 trillion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The stock has a fifty day moving average of $160.34 and a 200 day moving average of $176.63. 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 issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The firm had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The company’s revenue was up 12.0% compared to the same quarter last year. On average, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, June 9th. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s payout ratio is 9.36%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Benchmark reiterated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Cantor Fitzgerald restated a “neutral” rating and issued a $171.00 target price on shares of Alphabet in a report on Friday, April 25th. Rosenblatt Securities upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Finally, Tigress Financial reissued a “strong-buy” rating on shares of Alphabet in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $203.94.

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.