BCU Wealth Advisors LLC Buys Shares of 1,060 Alphabet Inc. (NASDAQ:GOOG)

BCU Wealth Advisors LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,060 shares of the information services provider’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also modified their holdings of GOOG. Swedbank AB raised its holdings in Alphabet by 0.6% during the third 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 in the last quarter. Chicago Capital LLC increased its holdings in shares of Alphabet by 1.8% during the 3rd quarter. Chicago Capital LLC now owns 96,001 shares of the information services provider’s stock valued at $16,050,000 after acquiring an additional 1,667 shares during the last quarter. AA Financial Advisors LLC raised its stake in shares of Alphabet by 15.9% in the 3rd quarter. AA Financial Advisors LLC now owns 7,147 shares of the information services provider’s stock valued at $1,195,000 after acquiring an additional 982 shares in the last quarter. E&G Advisors LP lifted its holdings in Alphabet by 4.7% in the 3rd quarter. E&G Advisors LP now owns 7,959 shares of the information services provider’s stock worth $1,331,000 after purchasing an additional 355 shares during the last quarter. Finally, Whitaker Myers Wealth Managers LTD. boosted its position in Alphabet by 17.2% during the third quarter. Whitaker Myers Wealth Managers LTD. now owns 3,792 shares of the information services provider’s stock worth $634,000 after purchasing an additional 557 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now directly owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,529 shares of company stock worth $16,600,078 over the last three months. Company insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. UBS Group boosted their target price on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. Citigroup lifted their price objective on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Scotiabank increased their target price on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet Price Performance

NASDAQ:GOOG opened at $186.87 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.95 and a current ratio of 1.84. The company has a 50-day moving average of $194.37 and a 200-day moving average of $176.71. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $208.70. The company has a market capitalization of $2.29 trillion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.39 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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 of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio is 9.94%.

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.