Investment Advisory Services Inc. TX ADV Has $679,000 Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Investment Advisory Services Inc. TX ADV lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,566 shares of the information services provider’s stock after purchasing an additional 68 shares during the quarter. Investment Advisory Services Inc. TX ADV’s holdings in Alphabet were worth $679,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Exchange Traded Concepts LLC boosted its position in Alphabet by 42.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,511 shares of the information services provider’s stock worth $1,089,000 after acquiring an additional 1,953 shares during the period. Creative Planning lifted its holdings in shares of Alphabet by 6.4% during the 3rd quarter. Creative Planning now owns 1,544,297 shares of the information services provider’s stock valued at $256,177,000 after buying an additional 92,556 shares during the last quarter. Swedbank AB lifted its holdings in shares of Alphabet by 0.6% during the 3rd quarter. Swedbank AB now owns 8,338,900 shares of the information services provider’s stock valued at $1,394,181,000 after buying an additional 51,226 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its holdings in shares of Alphabet by 1.7% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 4,725 shares of the information services provider’s stock valued at $796,000 after buying an additional 77 shares during the last quarter. Finally, Prospect Financial Services LLC lifted its holdings in shares of Alphabet by 2.3% during the 3rd quarter. Prospect Financial Services LLC now owns 37,750 shares of the information services provider’s stock valued at $6,311,000 after buying an additional 859 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

GOOG opened at $185.43 on Thursday. The stock has a market cap of $2.27 trillion, a PE ratio of 23.03, a P/E/G ratio of 1.39 and a beta of 1.00. The company has a current ratio of 1.84, a quick ratio of 1.95 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $208.70. The stock’s 50 day simple moving average is $193.70 and its 200-day simple moving average is $176.40.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is 9.94%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Scotiabank lifted their price target on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. UBS Group raised their price objective on Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their price objective on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Canaccord Genuity Group lifted their price target on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Phillip Securities raised Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $209.13.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total value of $3,975,075.00. Following the completion of the sale, the chief executive officer now directly owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,529 shares of company stock valued at $16,600,078 in the last 90 days. 12.99% of the stock is owned by corporate insiders.

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.