Ethos Financial Group LLC Has $1.09 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Ethos Financial Group LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 39.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,705 shares of the information services provider’s stock after acquiring an additional 2,167 shares during the period. Ethos Financial Group LLC’s holdings in Alphabet were worth $1,086,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Total Clarity Wealth Management Inc. lifted its stake in shares of Alphabet by 5.1% during the third quarter. Total Clarity Wealth Management Inc. now owns 2,239 shares of the information services provider’s stock valued at $295,000 after acquiring an additional 108 shares during the period. BLB&B Advisors LLC lifted its stake in shares of Alphabet by 28.5% during the third quarter. BLB&B Advisors LLC now owns 8,938 shares of the information services provider’s stock valued at $1,178,000 after acquiring an additional 1,982 shares during the period. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in shares of Alphabet by 37.9% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 96,802 shares of the information services provider’s stock valued at $12,763,000 after acquiring an additional 26,615 shares during the period. Massachusetts Wealth Management acquired a new position in shares of Alphabet during the third quarter valued at $206,000. Finally, Wealth Management Partners LLC lifted its stake in shares of Alphabet by 9.8% during the third quarter. Wealth Management Partners LLC now owns 18,530 shares of the information services provider’s stock valued at $2,443,000 after acquiring an additional 1,652 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 800 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $149.73, for a total transaction of $119,784.00. Following the completion of the transaction, the director now directly owns 7,164 shares of the company’s stock, valued at $1,072,665.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $149.73, for a total value of $119,784.00. Following the completion of the sale, the director now directly owns 7,164 shares of the company’s stock, valued at $1,072,665.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 252,629 shares of company stock valued at $37,091,240. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GOOG shares. Oppenheimer upped their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Stifel Nicolaus increased their price target on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Susquehanna increased their price target on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Finally, Raymond James increased their price target on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $165.67.

Alphabet Stock Up 0.2 %

Shares of NASDAQ:GOOG traded up $0.42 during mid-day trading on Thursday, reaching $171.58. 11,914,729 shares of the stock were exchanged, compared to its average volume of 22,523,879. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.12 trillion, a P/E ratio of 26.32, a P/E/G ratio of 1.26 and a beta of 1.02. Alphabet Inc. has a one year low of $108.48 and a one year high of $176.42. The stock’s 50 day simple moving average is $153.41 and its 200-day simple moving average is $144.40.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, equities research analysts predict that Alphabet Inc. will post 7.66 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 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.