Tableaux LLC Takes $480,000 Position in Alphabet Inc. (NASDAQ:GOOG)

Tableaux LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,520 shares of the information services provider’s stock, valued at approximately $480,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ acquired a new position in Alphabet in the fourth quarter valued at $329,725,000. Northstar Financial Companies Inc. acquired a new position in Alphabet in the fourth quarter valued at $1,735,000. Centaurus Financial Inc. increased its stake in Alphabet by 35.9% in the fourth quarter. Centaurus Financial Inc. now owns 98,717 shares of the information services provider’s stock valued at $18,800,000 after purchasing an additional 26,092 shares during the last quarter. Wealthedge Investment Advisors LLC acquired a new position in Alphabet in the fourth quarter valued at $260,000. Finally, Campbell Deegan Wealth Management LLC acquired a new position in Alphabet in the fourth quarter valued at $383,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the completion of the sale, the director now directly owns 261,966 shares of the company’s stock, valued at approximately $45,844,050. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,654 shares of company stock valued at $26,793,380. 12.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GOOG. Oppenheimer boosted their target price on Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Scotiabank decreased their target price on Alphabet from $232.00 to $200.00 and set a “sector outperform” rating for the company in a report on Monday, April 21st. Citigroup restated a “sell” rating on shares of Alphabet in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. upped their price target on Alphabet from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $203.94.

Alphabet Stock Performance

GOOG stock opened at $173.98 on Wednesday. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. 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 company has a market capitalization of $2.11 trillion, a P/E ratio of 21.61, a PEG ratio of 1.34 and a beta of 1.01. The company has a 50-day simple moving average of $160.72 and a 200 day simple moving average of $176.47.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. Alphabet’s dividend payout ratio is currently 9.36%.

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.