EWG Elevate Inc. Acquires Shares of 1,517 Alphabet Inc. (NASDAQ:GOOG)

EWG Elevate Inc. acquired a new position in Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,517 shares of the information services provider’s stock, valued at approximately $289,000.

Other institutional investors have also recently made changes to their positions in the company. Clark & Stuart Inc acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $294,000. Aprio Wealth Management LLC boosted its holdings in Alphabet by 14.8% during the fourth quarter. Aprio Wealth Management LLC now owns 8,893 shares of the information services provider’s stock worth $1,694,000 after buying an additional 1,149 shares in the last quarter. Czech National Bank grew its position in Alphabet by 5.5% during the fourth quarter. Czech National Bank now owns 1,032,321 shares of the information services provider’s stock valued at $196,595,000 after buying an additional 53,925 shares during the period. Graypoint LLC increased its holdings in Alphabet by 1.1% in the fourth quarter. Graypoint LLC now owns 55,182 shares of the information services provider’s stock valued at $10,509,000 after buying an additional 627 shares in the last quarter. Finally, Trinity Financial Advisors LLC raised its position in shares of Alphabet by 8.2% in the fourth quarter. Trinity Financial Advisors LLC now owns 5,446 shares of the information services provider’s stock worth $1,038,000 after acquiring an additional 415 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on GOOG. Wells Fargo & Company raised their target price on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Citigroup boosted their price objective on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Finally, Oppenheimer increased their price objective on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.56.

Alphabet Stock Down 1.1 %

Shares of GOOG opened at $193.17 on Monday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $202.88. The stock has a fifty day simple moving average of $184.12 and a two-hundred day simple moving average of $174.45. The company has a market capitalization of $2.36 trillion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. Alphabet’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 8.02 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.41%. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,368 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their position. 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 Alphabet stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the sale, the director now owns 23,324 shares of the company’s stock, valued at $4,529,987.28. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 154,387 shares of company stock worth $27,748,931 over the last quarter. 12.99% of the stock is currently owned by company 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.