Intellus Advisors LLC Invests $1.68 Million in Alphabet Inc. (NASDAQ:GOOG)

Intellus Advisors LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,838 shares of the information services provider’s stock, valued at approximately $1,683,000.

Several other large investors have also recently bought and sold shares of GOOG. Sei Investments Co. grew its stake in Alphabet by 12.2% during the 4th quarter. Sei Investments Co. now owns 3,001,698 shares of the information services provider’s stock valued at $571,641,000 after acquiring an additional 325,352 shares in the last quarter. Plancorp LLC boosted its holdings in shares of Alphabet by 20.1% during the fourth quarter. Plancorp LLC now owns 11,268 shares of the information services provider’s stock worth $2,146,000 after purchasing an additional 1,886 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in Alphabet during the fourth quarter valued at approximately $1,324,000. Cyrus J. Lawrence LLC increased its stake in Alphabet by 1.2% in the 4th quarter. Cyrus J. Lawrence LLC now owns 15,580 shares of the information services provider’s stock valued at $2,967,000 after buying an additional 180 shares during the period. Finally, Mizuho Securities USA LLC lifted its position in Alphabet by 44.8% in the 4th quarter. Mizuho Securities USA LLC now owns 451,068 shares of the information services provider’s stock worth $85,901,000 after buying an additional 139,613 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 1,374 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the sale, the chief accounting officer now directly owns 15,024 shares in the company, valued at approximately $2,606,213.28. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,048 shares of company stock valued at $17,374,274. 12.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Alphabet in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. Finally, Scotiabank raised their price objective on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet Stock Up 0.7 %

GOOG stock opened at $166.25 on Friday. The stock has a market capitalization of $2.03 trillion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a 50-day moving average of $184.37 and a two-hundred day moving average of $177.94. Alphabet Inc. has a 52-week low of $148.20 and a 52-week high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet’s payout ratio is 9.94%.

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.