Heritage Wealth Partners LLC Grows Stake in Alphabet Inc. (NASDAQ:GOOG)

Heritage Wealth Partners LLC lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 30.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,881 shares of the information services provider’s stock after purchasing an additional 1,369 shares during the quarter. Alphabet comprises approximately 1.4% of Heritage Wealth Partners LLC’s portfolio, making the stock its 19th largest holding. Heritage Wealth Partners LLC’s holdings in Alphabet were worth $1,120,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its holdings in shares of Alphabet by 0.3% during the second quarter. Parallel Advisors LLC now owns 295,320 shares of the information services provider’s stock worth $54,168,000 after purchasing an additional 927 shares in the last quarter. TMD Wealth Management LLC grew its stake in Alphabet by 0.8% in the 2nd quarter. TMD Wealth Management LLC now owns 11,328 shares of the information services provider’s stock worth $2,078,000 after buying an additional 87 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of Alphabet by 22.9% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 101,423 shares of the information services provider’s stock worth $18,603,000 after buying an additional 18,893 shares during the last quarter. Wealthspire Advisors LLC raised its position in shares of Alphabet by 7.3% during the 2nd quarter. Wealthspire Advisors LLC now owns 140,844 shares of the information services provider’s stock valued at $25,834,000 after buying an additional 9,613 shares in the last quarter. Finally, Stolper Co lifted its holdings in shares of Alphabet by 1.8% during the 2nd quarter. Stolper Co now owns 49,756 shares of the information services provider’s stock worth $9,126,000 after acquiring an additional 902 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the sale, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at $4,085,531.55. This represents a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares of the company’s stock, valued at $52,329,576.64. This represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 153,053 shares of company stock worth $27,559,701. Company insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GOOG shares. Wells Fargo & Company raised their price target on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Citizens Jmp cut 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. UBS Group lifted their price target on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $200.56.

Alphabet Price Performance

GOOG opened at $192.29 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market capitalization of $2.35 trillion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The stock’s 50 day moving average price is $184.55 and its 200-day moving average price is $174.49. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $202.88.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 EPS. On average, equities research analysts predict that Alphabet Inc. will post 8.02 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.42%. Alphabet’s payout ratio is 10.61%.

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.