Tobias Financial Advisors Inc. Raises Holdings in Alphabet Inc. (NASDAQ:GOOG)

Tobias Financial Advisors Inc. increased its position in Alphabet Inc. (NASDAQ:GOOG) by 12.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,966 shares of the information services provider’s stock after purchasing an additional 437 shares during the period. Tobias Financial Advisors Inc.’s holdings in Alphabet were worth $755,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Fiduciary Advisors Inc. acquired a new position in Alphabet in the fourth quarter valued at $27,000. LSV Asset Management acquired a new position in Alphabet in the 4th quarter valued at about $27,000. WealthTrak Capital Management LLC purchased a new stake in Alphabet during the 4th quarter valued at approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet during the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $43,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GOOG. KeyCorp cut their price target on Alphabet from $202.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Scotiabank boosted their price target on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $210.88.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $155.50 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.90 trillion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.34 and a beta of 1.04. The company’s 50-day moving average price is $168.53 and its 200 day moving average price is $177.67. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70.

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

Alphabet Announces Dividend

The business also recently disclosed 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 was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $161.90, for a total transaction of $32,380.00. Following the transaction, the director now owns 7,613 shares of the company’s stock, valued at approximately $1,232,544.70. This represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 2nd. The stock was 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 of the company’s stock, valued at $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 115,663 shares of company stock valued at $20,286,447 over the last quarter. Insiders own 12.99% of the company’s stock.

About Alphabet

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.