Arcataur Capital Management LLC Acquires 585 Shares of Alphabet Inc. (NASDAQ:GOOG)

Arcataur Capital Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,251 shares of the information services provider’s stock after acquiring an additional 585 shares during the quarter. Alphabet accounts for 0.7% of Arcataur Capital Management LLC’s portfolio, making the stock its 25th largest position. Arcataur Capital Management LLC’s holdings in Alphabet were worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Exchange Traded Concepts LLC boosted its stake in Alphabet by 42.8% in the third quarter. Exchange Traded Concepts LLC now owns 6,511 shares of the information services provider’s stock worth $1,089,000 after purchasing an additional 1,953 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in shares of Alphabet in the third quarter valued at about $204,000. Armstrong Advisory Group Inc. raised its holdings in shares of Alphabet by 2.8% in the third quarter. Armstrong Advisory Group Inc. now owns 4,118 shares of the information services provider’s stock valued at $688,000 after buying an additional 113 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in Alphabet by 3.1% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 275,071 shares of the information services provider’s stock worth $45,989,000 after buying an additional 8,270 shares in the last quarter. Finally, Thomasville National Bank grew its holdings in Alphabet by 0.3% during the 3rd quarter. Thomasville National Bank now owns 298,259 shares of the information services provider’s stock worth $49,866,000 after acquiring an additional 990 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the sale, the director now directly owns 23,324 shares in the company, valued at $4,529,987.28. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,529 shares of company stock worth $16,600,078 over the last quarter. 12.99% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of GOOG stock opened at $188.20 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $208.70. The firm has a fifty day moving average of $193.12 and a 200-day moving average of $176.14. The firm has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.39 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last announced 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 return on equity of 32.49% and a net margin of 28.60%. On average, equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GOOG. Oppenheimer upped their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Phillip Securities raised Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Barclays upped their price target on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $209.13.

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.