Diversified Enterprises LLC Boosts Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Diversified Enterprises LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,226 shares of the information services provider’s stock after buying an additional 78 shares during the period. Diversified Enterprises LLC’s holdings in Alphabet were worth $2,328,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Weiss Asset Management LP bought a new stake in shares of Alphabet in the 3rd quarter worth about $25,000. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter valued at about $27,000. Safe Harbor Fiduciary LLC purchased a new position in Alphabet during the 3rd quarter valued at about $33,000. Noble Wealth Management PBC purchased a new position in Alphabet during the 4th quarter valued at about $43,000. Finally, FPC Investment Advisory Inc. grew its position in shares of Alphabet by 287.9% in the 4th quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock worth $46,000 after buying an additional 167 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GOOG. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Oppenheimer boosted their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Wedbush reaffirmed an “outperform” rating and set a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Finally, Benchmark reaffirmed a “negative” rating on shares of Alphabet in a 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 assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,882 shares of company stock worth $17,934,130 in the last ninety days. Insiders own 12.99% of the company’s stock.

Alphabet Stock Up 1.8 %

Shares of GOOG stock opened at $167.62 on Friday. The firm has a market cap of $2.04 trillion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $141.13 and a 12 month high of $208.70. The stock has a 50 day moving average of $187.41 and a 200-day moving average of $177.92.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS 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, equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.48%. Alphabet’s payout ratio is currently 9.94%.

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.