Monetary Management Group Inc. Purchases 4,115 Shares of Alphabet Inc. $GOOG

Monetary Management Group Inc. increased its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 38.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,800 shares of the information services provider’s stock after acquiring an additional 4,115 shares during the quarter. Alphabet comprises 0.8% of Monetary Management Group Inc.’s holdings, making the stock its 23rd biggest position. Monetary Management Group Inc.’s holdings in Alphabet were worth $3,605,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. University of Illinois Foundation acquired a new stake in shares of Alphabet in the 2nd quarter worth $31,000. Manning & Napier Advisors LLC purchased a new stake in Alphabet in the third quarter valued at about $32,000. Horrell Capital Management Inc. boosted its holdings in Alphabet by 100.0% in the second quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider’s stock worth $35,000 after acquiring an additional 100 shares in the last quarter. Tripletail Wealth Management LLC acquired a new stake in Alphabet in the third quarter worth about $40,000. Finally, Decker Retirement Planning Inc. grew its stake in shares of Alphabet by 60.9% during the second quarter. Decker Retirement Planning Inc. now owns 251 shares of the information services provider’s stock worth $45,000 after acquiring an additional 95 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

NASDAQ:GOOG opened at $303.53 on Wednesday. The firm’s fifty day moving average is $321.14 and its two-hundred day moving average is $285.34. The firm has a market cap of $3.67 trillion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. Alphabet Inc. has a one year low of $142.66 and a one year high of $350.15.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.23. The business had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business’s revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the company earned $2.15 EPS. Research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is currently 7.77%.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 47,574 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. This trade represents a 78.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 2,078,926 shares of company stock valued at $108,426,720. 12.99% of the stock is currently owned by company insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Analyst Ratings Changes

Several equities analysts recently commented on GOOG shares. BNP Paribas Exane assumed coverage on shares of Alphabet in a research report on Monday, November 24th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. upped their price target on shares of Alphabet from $385.00 to $395.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $365.00 price target on shares of Alphabet in a report on Monday, January 5th. Royal Bank Of Canada reissued an “outperform” rating and set a $375.00 price objective on shares of Alphabet in a report on Thursday, January 15th. Finally, Canaccord Genuity Group upped their target price on Alphabet from $330.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Nine investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and an average price target of $343.90.

View Our Latest Stock Analysis on Alphabet

Alphabet Company Profile

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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