Hapanowicz & Associates Financial Services Inc Decreases Stake in Alphabet Inc. (NASDAQ:GOOG)

Hapanowicz & Associates Financial Services Inc decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,632 shares of the information services provider’s stock after selling 121 shares during the period. Alphabet comprises about 0.3% of Hapanowicz & Associates Financial Services Inc’s investment portfolio, making the stock its 14th biggest holding. Hapanowicz & Associates Financial Services Inc’s holdings in Alphabet were worth $692,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GOOG. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $27,000. Weiss Asset Management LP bought a new position in shares of Alphabet in the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of Alphabet in the third quarter valued at approximately $33,000. Sanctuary Wealth Management L.L.C. boosted its holdings 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 worth $42,000 after buying an additional 117 shares in the last quarter. Finally, Maryland Capital Advisors Inc. boosted its holdings in Alphabet by 33.0% during the fourth quarter. Maryland Capital Advisors Inc. now owns 266 shares of the information services provider’s stock worth $51,000 after buying an additional 66 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,299 shares of company stock worth $25,055,751. 12.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GOOG has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Scotiabank raised their price target on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush restated an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Finally, Wells Fargo & Company raised their price target on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $209.13.

Alphabet Price Performance

GOOG opened at $181.58 on Friday. The firm has a market cap of $2.21 trillion, a P/E ratio of 22.56, a PEG ratio of 1.34 and a beta of 1.00. The firm has a 50-day moving average of $194.02 and a 200 day moving average of $177.34. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 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.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. On average, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.

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.