Lynx Investment Advisory Has $698,000 Position in Alphabet Inc. (NASDAQ:GOOG)

Lynx Investment Advisory raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,666 shares of the information services provider’s stock after buying an additional 203 shares during the quarter. Lynx Investment Advisory’s holdings in Alphabet were worth $698,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Fiduciary Advisors Inc. acquired a new position in Alphabet in the fourth quarter worth $27,000. Weiss Asset Management LP acquired a new position in Alphabet in the third quarter valued at about $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Alphabet in the third quarter worth about $33,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Alphabet in the fourth quarter worth about $39,000. Finally, Noble Wealth Management PBC acquired a new stake in Alphabet in the 4th quarter valued at approximately $43,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Up 0.7 %

NASDAQ GOOG opened at $166.25 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company 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’s 50-day simple moving average is $184.37 and its two-hundred day simple moving average is $178.22. Alphabet Inc. has a one year low of $148.20 and a one year high of $208.70.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data 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 return on equity of 32.49% and a net margin of 28.60%. Equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

GOOG has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Benchmark reiterated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Cantor Fitzgerald reissued a “neutral” rating on shares of Alphabet in a research report on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 1,368 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock valued at $17,374,274 over the last 90 days. 12.99% of the stock is owned by company insiders.

Alphabet Company 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.