Marshall Investment Management LLC Purchases Shares of 15,214 Alphabet Inc. (NASDAQ:GOOG)

Marshall Investment Management LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,214 shares of the information services provider’s stock, valued at approximately $2,897,000. Alphabet accounts for 1.7% of Marshall Investment Management LLC’s investment portfolio, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Swedbank AB lifted its position in shares of Alphabet by 0.6% in the third quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock valued at $1,394,181,000 after acquiring an additional 51,226 shares in the last quarter. Ellis Investment Partners LLC raised its stake in Alphabet by 10.0% during the 3rd quarter. Ellis Investment Partners LLC now owns 41,119 shares of the information services provider’s stock valued at $6,875,000 after purchasing an additional 3,737 shares during the period. J.W. Cole Advisors Inc. raised its stake in Alphabet by 8.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 116,039 shares of the information services provider’s stock valued at $19,401,000 after purchasing an additional 9,118 shares during the period. OMNI 360 Wealth Inc. lifted its holdings in Alphabet by 5.7% in the 3rd quarter. OMNI 360 Wealth Inc. now owns 4,851 shares of the information services provider’s stock worth $811,000 after purchasing an additional 262 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. boosted its stake in Alphabet by 0.4% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 18,921 shares of the information services provider’s stock worth $3,163,000 after purchasing an additional 71 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now directly owns 43,981 shares in the company, valued at $8,471,620.22. The trade was a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,299 shares of company stock worth $25,055,751 in the last 90 days. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Down 2.1 %

GOOG stock opened at $177.37 on Wednesday. The firm’s fifty day simple moving average is $193.29 and its two-hundred day simple moving average is $177.66. The stock has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. Alphabet’s payout ratio is 9.94%.

Analyst Ratings Changes

Several research firms have recently issued reports on GOOG. Benchmark reiterated a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. UBS Group lifted their price target on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a report on Thursday, January 30th. Finally, Scotiabank increased their price target on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $209.13.

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.