Pure Financial Advisors LLC Has $4.55 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Pure Financial Advisors LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 27.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,888 shares of the information services provider’s stock after acquiring an additional 5,116 shares during the quarter. Pure Financial Advisors LLC’s holdings in Alphabet were worth $4,549,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Royal Capital Wealth Management LLC lifted its position in Alphabet by 2.7% in the 2nd quarter. Royal Capital Wealth Management LLC now owns 13,985 shares of the information services provider’s stock valued at $2,565,000 after acquiring an additional 370 shares in the last quarter. Wescott Financial Advisory Group LLC lifted its holdings in shares of Alphabet by 22.4% in the second quarter. Wescott Financial Advisory Group LLC now owns 1,754 shares of the information services provider’s stock valued at $322,000 after purchasing an additional 321 shares in the last quarter. Troluce Capital Advisors LLC bought a new stake in shares of Alphabet in the second quarter valued at about $9,171,000. Kingfisher Capital LLC boosted its position in shares of Alphabet by 4.6% during the second quarter. Kingfisher Capital LLC now owns 11,154 shares of the information services provider’s stock worth $2,046,000 after buying an additional 494 shares during the period. Finally, NBW Capital LLC bought a new position in shares of Alphabet during the second quarter worth about $210,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the sale, the chief accounting officer now directly owns 17,847 shares in the company, valued at approximately $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the sale, the director now directly owns 282,832 shares in the company, valued at $52,329,576.64. This represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,387 shares of company stock valued at $24,368,654. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Up 0.2 %

Shares of GOOG opened at $200.03 on Thursday. The firm has a market cap of $2.45 trillion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $203.84. The firm’s 50-day simple moving average is $186.56 and its 200 day simple moving average is $174.89.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.55 earnings per share. On average, analysts forecast that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GOOG. Barclays upped their price target on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Scotiabank started coverage on shares of Alphabet in a research report on Friday, October 11th. They set a “sector outperform” rating and a $212.00 price target on the stock. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Canaccord Genuity Group raised their price target on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Six equities 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $200.56.

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.