Winslow Asset Management Inc. Makes New Investment in Alphabet Inc. (NASDAQ:GOOG)

Winslow Asset Management Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,140 shares of the information services provider’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Swedbank AB boosted its position in shares of Alphabet by 0.6% during the 3rd quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock valued at $1,394,181,000 after acquiring an additional 51,226 shares during the last quarter. United Advisor Group LLC boosted its position in shares of Alphabet by 50.5% during the 3rd quarter. United Advisor Group LLC now owns 4,908 shares of the information services provider’s stock valued at $821,000 after acquiring an additional 1,646 shares during the last quarter. Sentry Investment Management LLC boosted its position in shares of Alphabet by 7.4% during the 3rd quarter. Sentry Investment Management LLC now owns 26,145 shares of the information services provider’s stock valued at $4,371,000 after acquiring an additional 1,812 shares during the last quarter. Amalgamated Bank boosted its position in shares of Alphabet by 0.4% during the 3rd quarter. Amalgamated Bank now owns 1,055,056 shares of the information services provider’s stock valued at $176,395,000 after acquiring an additional 3,758 shares during the last quarter. Finally, Arista Wealth Management LLC boosted its position in shares of Alphabet by 39.7% during the 3rd quarter. Arista Wealth Management LLC now owns 1,622 shares of the information services provider’s stock valued at $271,000 after acquiring an additional 461 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Up 1.4 %

Shares of NASDAQ:GOOG opened at $174.99 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $2.13 trillion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. The firm’s 50-day moving average is $190.68 and its two-hundred day moving average is $177.91. Alphabet Inc. has a 1 year low of $131.95 and a 1 year high of $208.70.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wedbush reissued an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Scotiabank boosted their price target on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Oppenheimer boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $209.13.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at approximately $4,085,531.55. The trade was a 12.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares of the company’s stock, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,316 shares of company stock valued at $25,062,887. 12.99% of the stock is currently owned by corporate insiders.

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.