Vannoy Advisory Group Inc. Invests $277,000 in Alphabet Inc. (NASDAQ:GOOGL)

Vannoy Advisory Group Inc. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,980 shares of the information services provider’s stock, valued at approximately $277,000. Alphabet makes up approximately 0.2% of Vannoy Advisory Group Inc.’s portfolio, making the stock its 27th biggest position.

Several other large investors also recently made changes to their positions in the stock. DiNuzzo Private Wealth Inc. acquired a new position in shares of Alphabet during the 4th quarter worth about $38,000. Meritage Group LP lifted its position in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the last quarter. Armor Investment Advisors LLC lifted its position in shares of Alphabet by 31.0% during the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares during the last quarter. IAG Wealth Partners LLC lifted its position in shares of Alphabet by 55.9% during the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after purchasing an additional 123 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Alphabet during the 4th quarter worth about $55,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $173.79 on Wednesday. The company has a market capitalization of $2.15 trillion, a PE ratio of 26.65, a PEG ratio of 1.30 and a beta of 1.01. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $178.77. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock’s fifty day simple moving average is $164.33 and its 200 day simple moving average is $148.91.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter last year, the business posted $1.17 EPS. On average, research analysts predict that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, June 10th.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director John L. Hennessy sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total transaction of $41,853.00. Following the completion of the sale, the director now owns 9,291 shares in the company, valued at $1,296,187.41. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The disclosure for this sale can be found here. Insiders sold 183,335 shares of company stock worth $28,204,902 in the last quarter. Corporate insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GOOGL. Jefferies Financial Group upped their price target on Alphabet from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 26th. Canaccord Genuity Group upped their price target on Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a report on Friday, April 26th. JPMorgan Chase & Co. upped their price target on Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, April 26th. UBS Group upped their price target on Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Evercore ISI upped their price target on Alphabet from $160.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $191.57.

Read Our Latest Stock Analysis on Alphabet

Alphabet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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