Oppenheimer Asset Management Inc. Purchases 156 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Oppenheimer Asset Management Inc. raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 434,079 shares of the information services provider’s stock after purchasing an additional 156 shares during the quarter. Alphabet accounts for approximately 1.0% of Oppenheimer Asset Management Inc.’s holdings, making the stock its 15th biggest position. Oppenheimer Asset Management Inc.’s holdings in Alphabet were worth $82,171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WT Wealth Management purchased a new position in shares of Alphabet during the 4th quarter worth $226,000. Kovack Advisors Inc. raised its holdings in Alphabet by 1.4% in the 4th quarter. Kovack Advisors Inc. now owns 91,757 shares of the information services provider’s stock worth $17,370,000 after purchasing an additional 1,236 shares during the period. Mn Services Vermogensbeheer B.V. lifted its position in Alphabet by 2.2% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 2,020,660 shares of the information services provider’s stock valued at $382,511,000 after purchasing an additional 43,400 shares in the last quarter. MKD Wealth Coaches LLC purchased a new position in Alphabet during the fourth quarter valued at $265,000. Finally, Flynn Zito Capital Management LLC grew its holdings in Alphabet by 1.7% during the fourth quarter. Flynn Zito Capital Management LLC now owns 3,865 shares of the information services provider’s stock valued at $732,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 1.9 %

GOOGL stock opened at $167.11 on Thursday. Alphabet Inc. has a twelve month low of $138.99 and a twelve month high of $207.05. The stock has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. 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’s fifty day simple moving average is $186.76 and its two-hundred day simple moving average is $176.48.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet’s payout ratio is 9.94%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Bank of America reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Citigroup decreased their target price on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. JMP Securities reissued a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wolfe Research raised their price objective on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, KeyCorp upped their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $210.62.

Insider Buying and Selling

In other news, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at $4,085,531.55. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 95,682 shares of company stock valued at $17,901,024. Insiders own 11.55% 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.