Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Fox Hill Wealth Management

Fox Hill Wealth Management increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.2% during the first quarter, HoldingsChannel.com reports. The fund owned 14,471 shares of the information services provider’s stock after buying an additional 1,100 shares during the period. Alphabet accounts for about 1.5% of Fox Hill Wealth Management’s holdings, making the stock its 18th largest holding. Fox Hill Wealth Management’s holdings in Alphabet were worth $2,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Bruce G. Allen Investments LLC purchased a new position in Alphabet during the fourth quarter worth about $26,000. Partnership Wealth Management LLC purchased a new stake in Alphabet during the 4th quarter worth approximately $26,000. Equitec Proprietary Markets LLC purchased a new stake in Alphabet during the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in Alphabet during the 4th quarter worth approximately $32,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in Alphabet during the 4th quarter worth approximately $34,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,284 shares of company stock worth $24,534,393. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Rosenblatt Securities downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price on the stock. in a research note on Friday. Finally, Stifel Nicolaus boosted their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $167.86.

Alphabet Stock Down 1.8 %

NASDAQ GOOG traded down $3.44 on Friday, hitting $183.42. 23,032,362 shares of the stock were exchanged, compared to its average volume of 17,822,788. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a fifty-two week low of $115.83 and a fifty-two week high of $187.50. The company has a market cap of $2.27 trillion, a PE ratio of 28.13, a PEG ratio of 1.38 and a beta of 1.01. The company has a 50-day moving average price of $174.40 and a 200-day moving average price of $155.68.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same quarter in the previous year, the business posted $1.17 EPS. The firm’s revenue was up 15.4% on a year-over-year basis. Sell-side analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a — dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were issued a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s payout ratio is 12.27%.

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.