Apeiron RIA LLC Makes New $280,000 Investment in Alphabet Inc. (NASDAQ:GOOG)

Apeiron RIA LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,468 shares of the information services provider’s stock, valued at approximately $280,000.

A number of other institutional investors have also recently made changes to their positions in GOOG. Veracity Capital LLC grew its stake in Alphabet by 9.6% during the 4th quarter. Veracity Capital LLC now owns 8,193 shares of the information services provider’s stock worth $1,560,000 after purchasing an additional 721 shares in the last quarter. Secure Asset Management LLC boosted its stake in shares of Alphabet by 4.6% in the 4th quarter. Secure Asset Management LLC now owns 13,013 shares of the information services provider’s stock valued at $2,478,000 after buying an additional 570 shares during the period. Verde Capital Management grew its position in shares of Alphabet by 9.5% during the fourth quarter. Verde Capital Management now owns 18,303 shares of the information services provider’s stock worth $3,486,000 after buying an additional 1,588 shares in the last quarter. Seros Financial LLC purchased a new stake in shares of Alphabet during the fourth quarter worth approximately $282,000. Finally, Red Door Wealth Management LLC raised its holdings in Alphabet by 6.9% in the fourth quarter. Red Door Wealth Management LLC now owns 96,385 shares of the information services provider’s stock valued at $18,355,000 after acquiring an additional 6,220 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Trading Up 1.2 %

NASDAQ GOOG opened at $201.90 on Friday. Alphabet Inc. has a one year low of $131.55 and a one year high of $203.84. The firm has a market cap of $2.47 trillion, a PE ratio of 26.78, a P/E/G ratio of 1.27 and a beta of 0.99. The firm’s fifty day moving average is $187.95 and its two-hundred day moving average is $175.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. During the same period in the prior year, the business earned $1.55 EPS. The firm’s revenue was up 15.1% compared to the same quarter last year. Analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $171.42, for a total transaction of $234,331.14. Following the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. The trade was a 4.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the sale, the director now directly owns 330,466 shares of the company’s stock, valued at $59,741,643.48. This represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,387 shares of company stock valued at $24,368,654. 12.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GOOG has been the subject of several analyst reports. Pivotal Research boosted their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citigroup increased their target price on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.13.

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.