Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Ritter Daniher Financial Advisory LLC DE

Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,462 shares of the information services provider’s stock after buying an additional 99 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Alphabet were worth $850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GOOG. Weiss Asset Management LP acquired a new stake in shares of Alphabet during the third quarter valued at about $25,000. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the 4th quarter valued at approximately $27,000. WealthTrak Capital Management LLC purchased a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new position in Alphabet during the fourth quarter worth $39,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet during the fourth quarter worth $43,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $147.74 on Friday. The company’s 50 day simple moving average is $177.04 and its 200-day simple moving average is $178.43. The firm has a market cap of $1.80 trillion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 12-month low of $147.54 and a 12-month high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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, equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GOOG shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Benchmark restated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Scotiabank lifted their target price on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Finally, Westpark Capital began coverage on Alphabet in a report on Tuesday, April 1st. They set a “buy” rating and a $210.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $208.65.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 17,690 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares in the company, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,797 shares of company stock valued at $21,089,470. 12.99% of the stock is owned by company insiders.

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.