Brightwater Advisory LLC Has $436,000 Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Brightwater Advisory LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,291 shares of the information services provider’s stock after selling 88 shares during the period. Brightwater Advisory LLC’s holdings in Alphabet were worth $436,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GOOG. Swedbank AB lifted its position in shares of Alphabet by 0.6% in the third quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock worth $1,394,181,000 after buying an additional 51,226 shares during the last quarter. Summit Wealth Partners LLC lifted its position in shares of Alphabet by 4.4% in the third quarter. Summit Wealth Partners LLC now owns 2,391 shares of the information services provider’s stock worth $400,000 after buying an additional 101 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Alphabet by 4.3% in the third quarter. Principal Securities Inc. now owns 99,755 shares of the information services provider’s stock worth $16,678,000 after buying an additional 4,120 shares during the last quarter. Hartford Financial Management Inc. increased its stake in shares of Alphabet by 4.4% in the third quarter. Hartford Financial Management Inc. now owns 23,256 shares of the information services provider’s stock worth $3,888,000 after purchasing an additional 981 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Alphabet by 2.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 8,038 shares of the information services provider’s stock worth $1,344,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Up 1.2 %

Shares of GOOG opened at $172.22 on Friday. The company has a market capitalization of $2.10 trillion, a P/E ratio of 21.39, a PEG ratio of 1.34 and a beta of 1.00. 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 Inc. has a one year low of $131.55 and a one year high of $208.70. The business’s 50 day simple moving average is $192.17 and its 200-day simple moving average is $177.73.

Alphabet (NASDAQ:GOOG) last posted 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%. As a group, sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio is 9.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Oppenheimer lifted their price objective on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Scotiabank boosted their price target on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Finally, Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares in the company, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,309 shares of company stock valued at $25,057,490. 12.99% of the stock is currently owned by corporate insiders.

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.