1,357 Shares in Alphabet Inc. (NASDAQ:GOOG) Bought by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,357 shares of the information services provider’s stock, valued at approximately $207,000.

Other hedge funds have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new position in Alphabet during the 4th quarter worth approximately $26,000. Partnership Wealth Management LLC acquired a new stake in Alphabet in the 4th quarter valued at $26,000. Equitec Proprietary Markets LLC acquired a new position in shares of Alphabet during the 4th quarter worth about $28,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet during the fourth quarter worth about $32,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Alphabet during the fourth quarter worth about $34,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ GOOG opened at $180.26 on Monday. Alphabet Inc. has a 52-week low of $115.83 and a 52-week high of $182.51. The stock has a market cap of $2.23 trillion, a PE ratio of 27.65, a P/E/G ratio of 1.33 and a beta of 1.01. The firm has a 50-day moving average of $171.61 and a 200-day moving average of $154.11. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a — dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s payout ratio is presently 12.27%.

Wall Street Analyst Weigh In

Several research firms have weighed in on GOOG. Stifel Nicolaus boosted their price target on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Finally, Oppenheimer boosted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $165.67.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total value of $266,880.00. Following the completion of the sale, the director now owns 3,727 shares in the company, valued at approximately $663,107.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider John Kent Walker sold 12,084 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total value of $1,826,979.96. Following the completion of the transaction, the insider now owns 48,717 shares of the company’s stock, valued at $7,365,523.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the sale, the director now owns 3,727 shares in the company, valued at $663,107.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,958 shares of company stock worth $22,383,553. Corporate insiders own 12.99% of the company’s stock.

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.