ORG Partners LLC Buys 970 Shares of Alphabet Inc. (NASDAQ:GOOG)

ORG Partners LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,541 shares of the information services provider’s stock after purchasing an additional 970 shares during the period. ORG Partners LLC’s holdings in Alphabet were worth $4,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Baker Tilly Wealth Management LLC grew its stake in shares of Alphabet by 3.3% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 10,819 shares of the information services provider’s stock worth $2,060,000 after acquiring an additional 346 shares during the period. Fortitude Family Office LLC lifted its holdings in Alphabet by 0.7% during the fourth quarter. Fortitude Family Office LLC now owns 8,323 shares of the information services provider’s stock valued at $1,585,000 after purchasing an additional 60 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of Alphabet by 0.4% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 113,545 shares of the information services provider’s stock worth $21,624,000 after purchasing an additional 418 shares in the last quarter. Legacy Private Trust Co. raised its position in shares of Alphabet by 34.1% in the fourth quarter. Legacy Private Trust Co. now owns 9,538 shares of the information services provider’s stock valued at $1,816,000 after purchasing an additional 2,424 shares during the period. Finally, Farmers Trust Co. lifted its stake in shares of Alphabet by 12.9% during the 4th quarter. Farmers Trust Co. now owns 3,243 shares of the information services provider’s stock valued at $618,000 after buying an additional 371 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent research reports. Pivotal Research increased their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Phillip Securities raised Alphabet to a “strong-buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group increased their target price on shares of Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $200.56.

Alphabet Price Performance

Shares of Alphabet stock traded down $0.47 during trading on Friday, hitting $194.92. 5,039,993 shares of the stock traded hands, compared to its average volume of 14,240,902. The stock has a market cap of $2.39 trillion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.34 and a beta of 0.99. The firm’s fifty day moving average is $183.71 and its 200-day moving average is $174.52. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $202.88.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. During the same period in the previous year, the business posted $1.55 EPS. The business’s quarterly revenue was up 15.1% on a year-over-year basis. Research analysts expect that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $167.23, for a total value of $473,929.82. Following the sale, the chief accounting officer now owns 26,349 shares of the company’s stock, valued at $4,406,343.27. This trade represents a 9.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the transaction, the insider now directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 155,887 shares of company stock worth $27,996,356. Company insiders own 12.99% of the company’s stock.

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.