Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,429 shares of the information services provider’s stock after buying an additional 910 shares during the quarter. Alphabet makes up 1.9% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 13th biggest position. Raab & Moskowitz Asset Management LLC’s holdings in Alphabet were worth $7,653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. grew its position in Alphabet by 30.2% during the fourth quarter. McClarren Financial Advisors Inc. now owns 3,554 shares of the information services provider’s stock valued at $672,000 after buying an additional 825 shares during the period. Warren Street Wealth Advisors LLC lifted its holdings in Alphabet by 4.4% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 9,757 shares of the information services provider’s stock valued at $1,847,000 after purchasing an additional 412 shares in the last quarter. Hidden Cove Wealth Management LLC purchased a new position in Alphabet during the fourth quarter valued at $405,000. Three Bridge Wealth Advisors LLC lifted its holdings in Alphabet by 0.7% during the fourth quarter. Three Bridge Wealth Advisors LLC now owns 15,159 shares of the information services provider’s stock valued at $2,870,000 after purchasing an additional 104 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in Alphabet by 497.6% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 49,742 shares of the information services provider’s stock valued at $9,416,000 after purchasing an additional 41,418 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several research reports. Stifel Nicolaus raised their price target on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Morgan Stanley decreased their price target on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Robert W. Baird reissued an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of Alphabet in a research note on Wednesday, February 5th. Finally, JMP Securities reissued a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $210.62.

Alphabet Trading Down 2.7 %

NASDAQ GOOGL opened at $179.66 on Monday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $207.05. The stock has a market capitalization of $2.19 trillion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The firm has a 50 day moving average of $192.46 and a two-hundred day moving average of $175.93.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. As a group, research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced 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. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,299 shares of company stock worth $25,055,751. Corporate insiders own 11.55% of the company’s stock.

Alphabet Company 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.