Apeiron RIA LLC Takes $242,000 Position in Alphabet Inc. (NASDAQ:GOOG)

Apeiron RIA LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,321 shares of the information services provider’s stock, valued at approximately $242,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Alphabet during the 4th quarter worth approximately $8,232,000. LB Partners LLC acquired a new position in Alphabet during the fourth quarter worth $2,424,000. Priebe Wealth Holdings LLC bought a new position in shares of Alphabet during the fourth quarter valued at $638,000. Cerity Partners LLC boosted its stake in shares of Alphabet by 198.7% in the 4th quarter. Cerity Partners LLC now owns 3,882,882 shares of the information services provider’s stock valued at $547,215,000 after purchasing an additional 2,583,128 shares in the last quarter. Finally, Janiczek Wealth Management LLC grew its holdings in shares of Alphabet by 6.6% in the 4th quarter. Janiczek Wealth Management LLC now owns 9,175 shares of the information services provider’s stock worth $1,293,000 after purchasing an additional 565 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Down 2.1 %

Shares of GOOG stock traded down $3.52 on Wednesday, reaching $162.41. 2,857,717 shares of the stock were exchanged, compared to its average volume of 20,396,211. The stock has a 50 day moving average price of $178.20 and a 200 day moving average price of $163.67. The stock has a market cap of $2.01 trillion, a PE ratio of 25.45, a P/E/G ratio of 1.28 and a beta of 1.05. Alphabet Inc. has a one year low of $121.46 and a one year high of $193.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. During the same period in the previous year, the business posted $1.44 EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. Equities research analysts forecast that Alphabet Inc. will post 7.62 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Monday, September 9th. Alphabet’s payout ratio is 12.27%.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 800 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $163.03, for a total value of $130,424.00. Following the transaction, the director now owns 30,024 shares of the company’s stock, valued at $4,894,812.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction on Monday, August 12th. The shares were sold at an average price of $163.03, for a total transaction of $130,424.00. Following the transaction, the director now directly owns 30,024 shares of the company’s stock, valued at $4,894,812.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $176.58, for a total value of $3,973,050.00. Following the transaction, the chief executive officer now owns 2,235,511 shares in the company, valued at $394,746,532.38. The disclosure for this sale can be found here. Insiders have sold a total of 121,608 shares of company stock valued at $21,567,504 in the last 90 days. 12.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GOOG has been the subject of several analyst reports. TD Cowen lifted their price target on shares of Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. 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. Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price on the stock. in a report on Friday, June 28th. Wolfe Research raised Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, Oppenheimer boosted their price objective on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $182.86.

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.