Alphabet Inc. $GOOG Shares Acquired by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,146 shares of the information services provider’s stock after acquiring an additional 976 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Alphabet were worth $3,929,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GOOG. Principia Wealth Advisory LLC lifted its stake in Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock worth $26,000 after acquiring an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new position in Alphabet during the 1st quarter worth about $26,000. Goodman Advisory Group LLC acquired a new position in Alphabet during the 1st quarter worth about $32,000. Graybill Wealth Management LTD. acquired a new position in Alphabet during the 1st quarter worth about $44,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in Alphabet during the 4th quarter worth about $53,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GOOG shares. Scotiabank increased their target price on Alphabet from $200.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. Lake Street Capital reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Pivotal Research increased their price target on Alphabet from $245.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on Alphabet from $232.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, UBS Group increased their price target on Alphabet from $186.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Five research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.56.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total transaction of $122,274.00. Following the sale, the director owned 6,316 shares of the company’s stock, valued at approximately $1,287,137.64. This trade represents a 8.68% 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, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $229.73, for a total value of $7,466,225.00. Following the completion of the sale, the chief executive officer directly owned 2,429,892 shares of the company’s stock, valued at $558,219,089.16. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 254,710 shares of company stock worth $49,208,380 over the last 90 days. Insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $235.17 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $236.13. The firm has a market capitalization of $2.84 trillion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.01. The stock’s 50-day simple moving average is $196.65 and its 200-day simple moving average is $176.89.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The business had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. During the same quarter last year, the company earned $1.89 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is 8.95%.

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.