Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Lifted by Capstone Financial Advisors Inc.

Capstone Financial Advisors Inc. lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,167 shares of the information services provider’s stock after acquiring an additional 161 shares during the period. Capstone Financial Advisors Inc.’s holdings in Alphabet were worth $413,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in shares of Alphabet by 2.8% in the fourth quarter. FMR LLC now owns 117,991,725 shares of the information services provider’s stock worth $22,470,344,000 after acquiring an additional 3,189,592 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Alphabet by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 104,777,092 shares of the information services provider’s stock worth $19,894,651,000 after purchasing an additional 1,219,606 shares during the period. Capital International Investors boosted its holdings in shares of Alphabet by 6.7% during the fourth quarter. Capital International Investors now owns 91,236,069 shares of the information services provider’s stock worth $17,376,706,000 after purchasing an additional 5,758,244 shares during the period. Northern Trust Corp boosted its holdings in shares of Alphabet by 16.1% during the fourth quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider’s stock worth $10,873,751,000 after purchasing an additional 7,917,625 shares during the period. Finally, Capital Research Global Investors boosted its holdings in shares of Alphabet by 0.8% during the fourth quarter. Capital Research Global Investors now owns 39,148,500 shares of the information services provider’s stock worth $7,455,571,000 after purchasing an additional 294,556 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on GOOG. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Scotiabank decreased their price target on shares of Alphabet from $232.00 to $200.00 and set a “sector outperform” rating for the company in a report on Monday, April 21st. Cantor Fitzgerald restated a “neutral” rating and set a $171.00 price target on shares of Alphabet in a report on Friday. Finally, Oppenheimer lifted their target price on shares of Alphabet from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.94.

Alphabet Price Performance

Shares of Alphabet stock opened at $163.85 on Monday. The firm has a fifty day simple moving average of $164.25 and a 200-day simple moving average of $177.35. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $90.23 billion during the quarter, compared to analysts’ expectations of $89.30 billion. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.36%.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 673 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at $2,377,014.99. This trade represents a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the transaction, the chief executive officer now owns 2,685,196 shares of the company’s stock, valued at approximately $419,320,207.36. This represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,163 shares of company stock valued at $25,361,647. 12.99% of the stock is owned by company 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.