Delta Financial Group Inc. Has $5.40 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Delta Financial Group Inc. grew its position in Alphabet Inc. (NASDAQ:GOOG) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,357 shares of the information services provider’s stock after buying an additional 649 shares during the quarter. Alphabet makes up approximately 1.3% of Delta Financial Group Inc.’s portfolio, making the stock its 12th largest position. Delta Financial Group Inc.’s holdings in Alphabet were worth $5,400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Weiss Asset Management LP acquired a new stake in shares of Alphabet during the third quarter worth approximately $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $27,000. Safe Harbor Fiduciary LLC bought a new position in Alphabet during the third quarter valued at approximately $33,000. Sanctuary Wealth Management L.L.C. raised its position in Alphabet by 87.3% during the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 117 shares in the last quarter. Finally, FPC Investment Advisory Inc. raised its position in Alphabet by 287.9% during the fourth quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 167 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the sale, the director now directly owns 23,324 shares in the company, valued at approximately $4,529,987.28. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,299 shares of company stock valued at $25,055,751 in the last 90 days. 12.99% of the stock is currently owned by insiders.

Alphabet Trading Down 1.5 %

Shares of GOOG stock opened at $174.70 on Thursday. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $208.70. The firm’s fifty day simple moving average is $192.98 and its 200 day simple moving average is $177.64. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

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, 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, sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 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, March 10th. Alphabet’s payout ratio is 9.94%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GOOG. Jefferies Financial Group raised their price objective on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Citigroup raised their price objective on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $209.13.

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.