Insight Advisors LLC PA Buys 10,828 Shares of Alphabet Inc. (NASDAQ:GOOG)

Insight Advisors LLC PA grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 152.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,920 shares of the information services provider’s stock after acquiring an additional 10,828 shares during the period. Alphabet makes up approximately 0.6% of Insight Advisors LLC PA’s portfolio, making the stock its 25th biggest position. Insight Advisors LLC PA’s holdings in Alphabet were worth $3,453,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GOOG. Trilogy Capital Inc. increased its stake in shares of Alphabet by 8.1% in the fourth quarter. Trilogy Capital Inc. now owns 4,631 shares of the information services provider’s stock valued at $882,000 after buying an additional 347 shares during the period. Onyx Bridge Wealth Group LLC boosted its position in Alphabet by 0.7% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 23,519 shares of the information services provider’s stock worth $4,479,000 after buying an additional 161 shares during the period. Inman Jager Wealth Management LLC acquired a new position in Alphabet in the 4th quarter valued at approximately $324,000. Absher Wealth Management LLC raised its stake in shares of Alphabet by 0.9% during the fourth quarter. Absher Wealth Management LLC now owns 7,281 shares of the information services provider’s stock valued at $1,387,000 after acquiring an additional 65 shares during the last quarter. Finally, LCM Capital Management Inc lifted its holdings in shares of Alphabet by 8.3% during the fourth quarter. LCM Capital Management Inc now owns 3,254 shares of the information services provider’s stock worth $620,000 after purchasing an additional 250 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $187.14 on Monday. The stock has a market cap of $2.29 trillion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.95 and a current ratio of 1.84. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70. The firm’s 50-day simple moving average is $193.12 and its 200 day simple moving average is $176.13.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. As a group, research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is 9.94%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,529 shares of company stock worth $16,600,078 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GOOG has been the subject of a number of recent research reports. UBS Group increased their price objective on Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Oppenheimer lifted their price objective on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Wells Fargo & Company increased their target price 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. Finally, Scotiabank boosted their price target on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $209.13.

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.