Redhawk Wealth Advisors Inc. Buys 54 Shares of Alphabet Inc. (NASDAQ:GOOG)

Redhawk Wealth Advisors Inc. increased its position in Alphabet Inc. (NASDAQ:GOOG) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,073 shares of the information services provider’s stock after purchasing an additional 54 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Alphabet were worth $966,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Edgestream Partners L.P. increased its position in shares of Alphabet by 13.2% during the second quarter. Edgestream Partners L.P. now owns 17,407 shares of the information services provider’s stock valued at $3,193,000 after acquiring an additional 2,031 shares in the last quarter. Wealth Alliance increased its holdings in shares of Alphabet by 1.6% in the 2nd quarter. Wealth Alliance now owns 19,058 shares of the information services provider’s stock worth $3,496,000 after purchasing an additional 305 shares in the last quarter. E Fund Management Co. Ltd. raised its stake in shares of Alphabet by 17.1% in the second quarter. E Fund Management Co. Ltd. now owns 59,941 shares of the information services provider’s stock worth $10,994,000 after purchasing an additional 8,760 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd lifted its holdings in shares of Alphabet by 204.0% during the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 30,400 shares of the information services provider’s stock valued at $5,576,000 after purchasing an additional 20,400 shares in the last quarter. Finally, Meridian Wealth Partners LLC boosted its position in shares of Alphabet by 9.8% during the second quarter. Meridian Wealth Partners LLC now owns 4,365 shares of the information services provider’s stock valued at $801,000 after buying an additional 388 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the transaction, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at $3,468,029.04. This represents a 13.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the sale, the chief executive officer now directly owns 2,084,306 shares in the company, valued at $369,672,512.16. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,387 shares of company stock worth $24,368,654 in the last three months. 12.99% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $194.48 on Friday. The stock has a market cap of $2.38 trillion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $202.88. The firm has a fifty day moving average price of $185.32 and a 200-day moving average price of $174.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. During the same quarter in the prior year, the business posted $1.55 EPS. Alphabet’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities analysts anticipate that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. Alphabet’s dividend payout ratio is presently 10.61%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOOG. UBS Group boosted their target price on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Pivotal Research lifted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price target on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Citigroup raised their price target on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.56.

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.