Apollon Financial LLC Acquires 2,163 Shares of Alphabet Inc. (NASDAQ:GOOG)

Apollon Financial LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,306 shares of the information services provider’s stock after purchasing an additional 2,163 shares during the quarter. Alphabet accounts for about 3.1% of Apollon Financial LLC’s portfolio, making the stock its 7th biggest position. Apollon Financial LLC’s holdings in Alphabet were worth $12,627,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Opinicus Capital Inc. raised its position in Alphabet by 1.0% in the 4th quarter. Opinicus Capital Inc. now owns 8,772 shares of the information services provider’s stock valued at $1,671,000 after buying an additional 86 shares during the last quarter. Westbourne Investment Advisors Inc. raised its position in Alphabet by 2.0% in the 4th quarter. Westbourne Investment Advisors Inc. now owns 10,604 shares of the information services provider’s stock valued at $2,019,000 after buying an additional 209 shares during the last quarter. Almanack Investment Partners LLC. raised its position in Alphabet by 2.4% in the 4th quarter. Almanack Investment Partners LLC. now owns 7,803 shares of the information services provider’s stock valued at $1,486,000 after buying an additional 185 shares during the last quarter. Vest Financial LLC raised its position in Alphabet by 10.0% in the 4th quarter. Vest Financial LLC now owns 20,221 shares of the information services provider’s stock valued at $3,851,000 after buying an additional 1,833 shares during the last quarter. Finally, SC&H Financial Advisors Inc. raised its position in Alphabet by 22.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 8,873 shares of the information services provider’s stock valued at $1,690,000 after buying an additional 1,601 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GOOG shares. Barclays lifted their target price on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Phillip Securities raised Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Oppenheimer boosted their price target on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company boosted their price target on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet Trading Down 0.6 %

NASDAQ GOOG opened at $187.07 on Wednesday. The business’s 50-day moving average price is $193.42 and its two-hundred day moving average price is $176.27. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $208.70. The firm has a market capitalization of $2.29 trillion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.00. The company has a current ratio of 1.84, a quick ratio of 1.95 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. Alphabet’s payout ratio is 9.94%.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total transaction of $3,975,075.00. Following the sale, the chief executive officer now owns 2,061,806 shares in the company, valued at $364,259,266.02. This represents a 1.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the sale, the chief accounting officer now owns 23,515 shares in the company, 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. Insiders have sold a total of 89,529 shares of company stock worth $16,600,078 in the last 90 days. Corporate insiders own 12.99% 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.