Key Client Fiduciary Advisors LLC Buys 531 Shares of Alphabet Inc. (NASDAQ:GOOG)

Key Client Fiduciary Advisors LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 16.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,795 shares of the information services provider’s stock after acquiring an additional 531 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Alphabet were worth $696,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Partnership Wealth Management LLC purchased a new position in Alphabet in the 4th quarter worth $26,000. Equitec Proprietary Markets LLC bought a new position in shares of Alphabet during the fourth quarter valued at about $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at about $32,000. Richardson Financial Services Inc. purchased a new stake in Alphabet during the 4th quarter valued at about $34,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Alphabet during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Up 0.3 %

Shares of NASDAQ:GOOG traded up $0.41 on Thursday, hitting $162.44. 6,929,521 shares of the company traded hands, compared to its average volume of 20,432,035. Alphabet Inc. has a 52 week low of $121.46 and a 52 week high of $193.31. The stock has a 50 day simple moving average of $177.90 and a 200-day simple moving average of $163.66. The company has a market cap of $2.01 trillion, a PE ratio of 24.84, a PEG ratio of 1.28 and a beta of 1.05. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $84.22 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 earnings per share. As a group, research analysts expect that Alphabet Inc. will post 7.62 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 9th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet’s dividend payout ratio is currently 12.27%.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction on Monday, August 12th. The stock was sold at an average price of $163.03, for a total value of $130,424.00. Following the completion of the sale, the director now owns 30,024 shares of the company’s stock, valued at $4,894,812.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $163.03, for a total transaction of $130,424.00. Following the completion of the sale, the director now owns 30,024 shares of the company’s stock, valued at approximately $4,894,812.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $186.74, for a total value of $4,201,650.00. Following the transaction, the chief executive officer now owns 2,227,385 shares in the company, valued at $415,941,874.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,608 shares of company stock valued at $21,567,504. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GOOG shares. Oppenheimer raised their target price on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a report on Friday, June 28th. Wolfe Research upgraded Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, TD Cowen upped their price target on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average target price of $182.86.

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.