Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,712 shares of the information services provider’s stock after purchasing an additional 623 shares during the quarter. Alphabet comprises about 1.3% of Pinion Investment Advisors LLC’s portfolio, making the stock its 17th biggest position. Pinion Investment Advisors LLC’s holdings in Alphabet were worth $3,164,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Burt Wealth Advisors increased its stake in shares of Alphabet by 1.0% in the 4th quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider’s stock valued at $1,005,000 after purchasing an additional 54 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Alphabet by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 38,451,718 shares of the information services provider’s stock worth $7,278,910,000 after buying an additional 1,218,639 shares in the last quarter. NBW Capital LLC increased its stake in Alphabet by 2.7% during the 4th quarter. NBW Capital LLC now owns 117,533 shares of the information services provider’s stock worth $22,249,000 after buying an additional 3,136 shares in the last quarter. Bedel Financial Consulting Inc. increased its stake in Alphabet by 1.1% during the 4th quarter. Bedel Financial Consulting Inc. now owns 20,574 shares of the information services provider’s stock worth $3,937,000 after buying an additional 232 shares in the last quarter. Finally, WMG Financial Advisors LLC increased its stake in Alphabet by 14.2% during the 4th quarter. WMG Financial Advisors LLC now owns 5,755 shares of the information services provider’s stock worth $1,089,000 after buying an additional 714 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $164.29 on Tuesday. Alphabet Inc. has a 12 month low of $146.08 and a 12 month high of $207.05. The firm has a fifty day simple moving average of $185.05 and a 200 day simple moving average of $176.58. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.34 and a beta of 1.02. 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:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s payout ratio is presently 9.94%.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 1,368 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock valued at $17,374,274 over the last ninety days. 11.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GOOGL has been the subject of several research reports. Wedbush boosted their price objective on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Robert W. Baird reiterated an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a research note on Tuesday, December 10th. DZ Bank lowered Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target for the company. in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their price target on Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

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.