SS&H Financial Advisors Inc. Has $4.03 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

SS&H Financial Advisors Inc. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,110 shares of the information services provider’s stock after buying an additional 640 shares during the quarter. Alphabet accounts for about 1.5% of SS&H Financial Advisors Inc.’s holdings, making the stock its 15th biggest holding. SS&H Financial Advisors Inc.’s holdings in Alphabet were worth $4,031,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. First Financial Bankshares Inc acquired a new position in Alphabet in the 4th quarter worth about $1,069,000. Cubist Systematic Strategies LLC boosted its position in Alphabet by 546.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 117,384 shares of the information services provider’s stock worth $16,543,000 after buying an additional 99,212 shares during the period. Kestra Advisory Services LLC grew its holdings in Alphabet by 7.3% during the 4th quarter. Kestra Advisory Services LLC now owns 413,584 shares of the information services provider’s stock worth $58,286,000 after acquiring an additional 28,235 shares during the last quarter. Waverly Advisors LLC increased its position in Alphabet by 40.3% in the 4th quarter. Waverly Advisors LLC now owns 32,168 shares of the information services provider’s stock valued at $4,533,000 after acquiring an additional 9,241 shares during the period. Finally, Pitcairn Co. raised its stake in shares of Alphabet by 9.3% during the fourth quarter. Pitcairn Co. now owns 83,927 shares of the information services provider’s stock valued at $11,828,000 after acquiring an additional 7,118 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,835 shares of Alphabet stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the transaction, the chief accounting officer now directly owns 29,182 shares in the company, valued at $4,421,948.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Amie Thuener O’toole sold 2,835 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the sale, the chief accounting officer now owns 29,182 shares in the company, valued at approximately $4,421,948.46. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the transaction, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 217,592 shares of company stock valued at $35,922,911 over the last ninety days. 12.99% of the stock is owned by company insiders.

Alphabet Trading Up 0.4 %

Shares of NASDAQ:GOOG traded up $0.63 during mid-day trading on Thursday, hitting $163.69. The company had a trading volume of 4,282,687 shares, compared to its average volume of 19,793,170. The company has a market capitalization of $2.02 trillion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a one year low of $121.46 and a one year high of $193.31. The firm has a fifty day moving average price of $163.07 and a 200 day moving average price of $169.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to analyst estimates of $84.22 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 earnings per share. As a group, research analysts forecast that Alphabet Inc. will post 7.63 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were paid a $0.20 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Analysts Set New Price Targets

GOOG has been the topic of several analyst reports. Pivotal Research began coverage on shares of Alphabet in a research note on Tuesday, October 1st. They issued a “buy” rating and a $215.00 price objective on the stock. TD Cowen increased their price target on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. DA Davidson raised Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Rosenblatt Securities downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research report on Friday, June 28th. Finally, Cantor Fitzgerald upgraded shares of Alphabet to a “hold” rating in a research report on Thursday, September 5th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $184.11.

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.