2,579 Shares in Alphabet Inc. (NASDAQ:GOOG) Purchased by Partners in Financial Planning

Partners in Financial Planning acquired a new position in Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,579 shares of the information services provider’s stock, valued at approximately $491,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its stake in shares of Alphabet by 19.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 532,002 shares of the information services provider’s stock worth $101,314,000 after buying an additional 85,870 shares during the last quarter. Mawer Investment Management Ltd. grew its stake in shares of Alphabet by 6.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 6,385,879 shares of the information services provider’s stock worth $1,216,127,000 after acquiring an additional 400,007 shares during the last quarter. RWA Wealth Partners LLC increased its holdings in shares of Alphabet by 2.8% during the fourth quarter. RWA Wealth Partners LLC now owns 161,558 shares of the information services provider’s stock valued at $30,767,000 after acquiring an additional 4,443 shares in the last quarter. Portland Global Advisors LLC raised its position in shares of Alphabet by 2.1% in the 4th quarter. Portland Global Advisors LLC now owns 4,189 shares of the information services provider’s stock worth $798,000 after purchasing an additional 86 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in Alphabet by 13.1% in the 4th quarter. Schroder Investment Management Group now owns 2,607,560 shares of the information services provider’s stock worth $496,584,000 after purchasing an additional 302,288 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the sale, the chief accounting officer now owns 17,847 shares in the company, valued at approximately $3,468,029.04. The trade was a 13.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,992 shares of company stock valued at $16,097,111. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $156.06 on Monday. The business has a 50-day simple moving average of $181.53 and a two-hundred day simple moving average of $178.69. 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 $148.20 and a 52 week high of $208.70. The stock has a market cap of $1.90 trillion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last released its 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%. On average, analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Analyst Ratings Changes

Several brokerages have issued reports on GOOG. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Wedbush restated an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. Finally, Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $208.56.

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.