Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,150 shares of the information services provider’s stock after acquiring an additional 500 shares during the quarter. Reaves W H & Co. Inc.’s holdings in Alphabet were worth $1,008,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GOOG. Ethos Financial Group LLC grew its position in Alphabet by 39.1% in the fourth quarter. Ethos Financial Group LLC now owns 7,705 shares of the information services provider’s stock worth $1,086,000 after buying an additional 2,167 shares during the last quarter. Vestor Capital LLC grew its holdings in shares of Alphabet by 8.7% in the 4th quarter. Vestor Capital LLC now owns 263,140 shares of the information services provider’s stock worth $37,084,000 after acquiring an additional 21,044 shares during the last quarter. Advantage Trust Co acquired a new stake in shares of Alphabet during the fourth quarter worth $245,000. Summa Corp. purchased a new stake in shares of Alphabet during the fourth quarter valued at $665,000. Finally, Concourse Financial Group Securities Inc. boosted its position in shares of Alphabet by 3.5% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 22,919 shares of the information services provider’s stock valued at $3,230,000 after purchasing an additional 768 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Up 0.2 %

GOOG stock traded up $0.42 during trading hours on Thursday, hitting $171.58. The company’s stock had a trading volume of 11,914,729 shares, compared to its average volume of 22,523,879. The stock has a 50 day moving average price of $153.41 and a two-hundred day moving average price of $144.40. Alphabet Inc. has a 12 month low of $108.48 and a 12 month high of $176.42. The company has a market capitalization of $2.12 trillion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same period in the prior year, the company posted $1.17 earnings per share. Alphabet’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post 7.66 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s payout ratio is 12.27%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Susquehanna boosted their target price on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Raymond James increased their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Oppenheimer raised their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Finally, Stifel Nicolaus lifted their target price on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $165.67.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total value of $3,753,000.00. Following the transaction, the chief executive officer now directly owns 2,280,511 shares in the company, valued at approximately $380,389,234.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the transaction, the chief executive officer now owns 2,280,511 shares in the company, valued at approximately $380,389,234.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 252,629 shares of company stock worth $37,091,240. 12.99% of the stock is currently owned by 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.