Quattro Financial Advisors LLC Increases Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Quattro Financial Advisors LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 6,992.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,000 shares of the information services provider’s stock after acquiring an additional 9,859 shares during the period. Quattro Financial Advisors LLC’s holdings in Alphabet were worth $1,523,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GOOG. Kennedy Capital Management LLC increased its stake in shares of Alphabet by 13.2% during the 3rd quarter. Kennedy Capital Management LLC now owns 64,711 shares of the information services provider’s stock valued at $8,532,000 after acquiring an additional 7,556 shares during the last quarter. Jackson Wealth Management LLC increased its position in Alphabet by 4.6% during the third quarter. Jackson Wealth Management LLC now owns 39,806 shares of the information services provider’s stock worth $5,248,000 after purchasing an additional 1,735 shares during the last quarter. JS Capital Management LLC raised its stake in Alphabet by 164.0% during the third quarter. JS Capital Management LLC now owns 330,000 shares of the information services provider’s stock worth $43,510,000 after purchasing an additional 205,000 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Alphabet by 11.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock valued at $12,649,838,000 after purchasing an additional 9,703,425 shares during the last quarter. Finally, Seven Eight Capital LP grew its stake in shares of Alphabet by 48.1% during the 3rd quarter. Seven Eight Capital LP now owns 88,776 shares of the information services provider’s stock valued at $11,705,000 after buying an additional 28,838 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOG has been the topic of several research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Stifel Nicolaus raised their price objective on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Oppenheimer lifted their price objective on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Rosenblatt Securities downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research report on Friday, June 28th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $167.86.

Alphabet Stock Up 1.1 %

NASDAQ GOOG opened at $186.61 on Wednesday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a fifty-two week low of $115.83 and a fifty-two week high of $187.50. The business has a 50 day moving average price of $174.93 and a two-hundred day moving average price of $156.20. The stock has a market cap of $2.31 trillion, a PE ratio of 28.62, a P/E/G ratio of 1.38 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts predict that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a — dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is presently 12.27%.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 800 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the transaction, the director now owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the transaction, the director now directly owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,788 shares of company stock valued at $21,143,403. 12.99% of the stock is currently owned by 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.