Haven Private LLC Acquires Shares of 6,975 Alphabet Inc. (NASDAQ:GOOG)

Haven Private LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, Holdings Channel reports. The firm bought 6,975 shares of the information services provider’s stock, valued at approximately $1,328,000.

Other large investors also recently made changes to their positions in the company. Novus Advisors LLC bought a new stake in Alphabet during the 4th quarter worth about $431,000. Acas LLC grew its position in shares of Alphabet by 16.2% during the 4th quarter. Acas LLC now owns 2,373 shares of the information services provider’s stock worth $459,000 after buying an additional 331 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Alphabet during the fourth quarter worth approximately $5,844,000. BBR Partners LLC raised its stake in shares of Alphabet by 40.0% during the fourth quarter. BBR Partners LLC now owns 59,430 shares of the information services provider’s stock worth $11,318,000 after buying an additional 16,990 shares during the last quarter. Finally, Destination Wealth Management lifted its holdings in Alphabet by 4.0% in the fourth quarter. Destination Wealth Management now owns 29,350 shares of the information services provider’s stock valued at $5,589,000 after buying an additional 1,116 shares during the period. Institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the topic of several recent research reports. Scotiabank raised their price target on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Oppenheimer raised their target price on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $209.13.

Alphabet Stock Up 0.9 %

Shares of GOOG opened at $175.75 on Friday. The firm has a 50 day simple moving average of $189.85 and a two-hundred day simple moving average of $178.00. The company has a market cap of $2.14 trillion, a P/E ratio of 21.83, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a one year low of $134.80 and a one year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the sale, the director now owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,529,987.28. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,316 shares of company stock worth $25,062,887. 12.99% of the stock is currently owned by company 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.