Ceeto Capital Group LLC Buys 400 Shares of Alphabet Inc. (NASDAQ:GOOG)

Ceeto Capital Group LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,410 shares of the information services provider’s stock after buying an additional 400 shares during the period. Alphabet makes up approximately 1.4% of Ceeto Capital Group LLC’s holdings, making the stock its 11th largest holding. Ceeto Capital Group LLC’s holdings in Alphabet were worth $3,696,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of GOOG. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter valued at $27,000. LSV Asset Management bought a new stake in shares of Alphabet during the fourth quarter worth $27,000. WealthTrak Capital Management LLC purchased a new stake in shares of Alphabet during the fourth quarter valued at $38,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Alphabet in the fourth quarter worth about $39,000. Finally, Noble Wealth Management PBC bought a new stake in Alphabet during the 4th quarter valued at about $43,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Scotiabank increased their price objective on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Westpark Capital initiated coverage on Alphabet in a report on Tuesday, April 1st. They issued a “buy” rating and a $210.00 price objective for the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Benchmark reiterated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $208.71.

Alphabet Trading Up 2.6 %

Shares of GOOG stock opened at $159.40 on Friday. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a 50 day simple moving average of $170.50 and a 200-day simple moving average of $177.89.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. On average, equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s 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 owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76. This represents a 1.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the firm’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 transaction of $550,702.88. Following the completion of the transaction, the chief accounting officer now directly owns 17,847 shares in the company, valued at $3,468,029.04. This trade represents a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,797 shares of company stock valued at $21,089,470 over the last ninety days. Insiders own 12.99% of the company’s stock.

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.