Alphabet Inc. (NASDAQ:GOOG) Stock Position Lowered by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 200,525 shares of the information services provider’s stock after selling 4,161 shares during the quarter. Alphabet accounts for approximately 0.8% of B. Riley Wealth Advisors Inc.’s investment portfolio, making the stock its 15th largest position. B. Riley Wealth Advisors Inc.’s holdings in Alphabet were worth $28,260,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new position in shares of Alphabet during the 4th quarter valued at about $26,000. Partnership Wealth Management LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $26,000. Equitec Proprietary Markets LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet during the fourth quarter worth approximately $32,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Alphabet in the fourth quarter worth approximately $34,000. Institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GOOG shares. Stifel Nicolaus increased their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer upped their target price on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $165.67.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $148.78, for a total value of $3,347,550.00. Following the sale, the chief executive officer now directly owns 2,310,191 shares of the company’s stock, valued at $343,710,216.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $148.78, for a total value of $3,347,550.00. Following the completion of the sale, the chief executive officer now directly owns 2,310,191 shares of the company’s stock, valued at $343,710,216.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 12,084 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the completion of the sale, the insider now owns 48,717 shares in the company, valued at approximately $7,365,523.23. The disclosure for this sale can be found here. Insiders have sold 158,458 shares of company stock worth $25,731,103 in the last quarter. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Up 0.2 %

Alphabet stock opened at $178.78 on Tuesday. Alphabet Inc. has a 1-year low of $115.83 and a 1-year high of $182.08. The firm’s fifty day simple moving average is $170.11 and its 200-day simple moving average is $152.83. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.21 trillion, a P/E ratio of 27.42, a P/E/G ratio of 1.32 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same quarter in the prior year, the firm posted $1.17 EPS. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. Sell-side analysts forecast that Alphabet Inc. will post 7.69 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

Alphabet 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.