C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases 77 Shares of Alphabet Inc. (NASDAQ:GOOG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,660 shares of the information services provider’s stock after buying an additional 77 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Alphabet were worth $1,459,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Creative Planning grew its stake in Alphabet by 6.4% during the third quarter. Creative Planning now owns 1,544,297 shares of the information services provider’s stock valued at $256,177,000 after acquiring an additional 92,556 shares in the last quarter. Swedbank AB boosted its holdings in shares of Alphabet by 0.6% during the 3rd quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock valued at $1,394,181,000 after purchasing an additional 51,226 shares during the last quarter. TruWealth Advisors LLC grew its position in shares of Alphabet by 1.2% during the third quarter. TruWealth Advisors LLC now owns 201,572 shares of the information services provider’s stock valued at $33,700,000 after purchasing an additional 2,435 shares in the last quarter. Heirloom Wealth Management increased its holdings in shares of Alphabet by 1.2% in the third quarter. Heirloom Wealth Management now owns 128,111 shares of the information services provider’s stock worth $21,419,000 after purchasing an additional 1,517 shares during the last quarter. Finally, Harbour Capital Advisors LLC lifted its position in shares of Alphabet by 0.3% in the third quarter. Harbour Capital Advisors LLC now owns 47,327 shares of the information services provider’s stock worth $7,717,000 after buying an additional 137 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Down 0.5 %

Shares of NASDAQ GOOG opened at $186.87 on Friday. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.95 and a current ratio of 1.84. The company has a market cap of $2.29 trillion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.39 and a beta of 1.00. The business’s 50 day moving average price is $194.37 and its 200-day moving average price is $176.65.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping 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, sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

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

Insider Buying and Selling at Alphabet

In related news, Director Kavitark Ram Shriram sold 37,134 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now owns 282,832 shares in the company, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total value of $3,975,075.00. Following the transaction, the chief executive officer now owns 2,061,806 shares in the company, valued at $364,259,266.02. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,529 shares of company stock valued at $16,600,078 in the last three months. Company insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Pivotal Research raised their price target on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their target price on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup upped their price target on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Barclays upped their target price on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet 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.