Synergy Financial Group LTD Has $3.62 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Synergy Financial Group LTD trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,990 shares of the information services provider’s stock after selling 703 shares during the period. Alphabet comprises 3.0% of Synergy Financial Group LTD’s holdings, making the stock its 10th biggest holding. Synergy Financial Group LTD’s holdings in Alphabet were worth $3,616,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC boosted its position in shares of Alphabet by 0.7% during the fourth quarter. Trifecta Capital Advisors LLC now owns 121,001 shares of the information services provider’s stock valued at $23,043,000 after buying an additional 812 shares during the period. CWS Financial Advisors LLC boosted its holdings in Alphabet by 9.9% during the 4th quarter. CWS Financial Advisors LLC now owns 2,545 shares of the information services provider’s stock valued at $485,000 after acquiring an additional 229 shares during the period. Pring Turner Capital Group Inc. grew its position in Alphabet by 46.2% in the 4th quarter. Pring Turner Capital Group Inc. now owns 3,617 shares of the information services provider’s stock valued at $689,000 after acquiring an additional 1,143 shares during the last quarter. Addison Advisors LLC grew its position in Alphabet by 3.5% in the 4th quarter. Addison Advisors LLC now owns 5,597 shares of the information services provider’s stock valued at $1,066,000 after acquiring an additional 188 shares during the last quarter. Finally, Prasad Wealth Partners LLC purchased a new stake in Alphabet in the fourth quarter worth $805,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 2.6 %

Shares of Alphabet stock opened at $170.21 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.07 trillion, a P/E ratio of 21.14, a PEG ratio of 1.34 and a beta of 1.00. The firm’s 50 day moving average price is $192.59 and its 200-day moving average price is $177.59. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $208.70.

Alphabet (NASDAQ:GOOG) last released 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 net margin of 28.60% and a return on equity of 32.49%. On average, sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal 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. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Buying and Selling at Alphabet

In other news, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the transaction, the insider now owns 1,449,286 shares in the company, valued at $265,914,995.28. This represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,188 shares of company stock worth $25,036,883. 12.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GOOG shares. Benchmark restated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Scotiabank upped their target price on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Oppenheimer lifted their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock 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.