Alphabet Inc. $GOOG Shares Bought by Henrickson Nauta Wealth Advisors Inc.

Henrickson Nauta Wealth Advisors Inc. raised its stake in Alphabet Inc. (NASDAQ:GOOGFree Report) by 78.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,842 shares of the information services provider’s stock after buying an additional 1,690 shares during the period. Henrickson Nauta Wealth Advisors Inc.’s holdings in Alphabet were worth $1,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Everpar Advisors LLC boosted its stake in shares of Alphabet by 9.6% during the 4th quarter. Everpar Advisors LLC now owns 15,783 shares of the information services provider’s stock worth $4,953,000 after acquiring an additional 1,378 shares in the last quarter. Bannerman Wealth Management Group LLC acquired a new stake in shares of Alphabet in the 4th quarter worth approximately $202,000. Harbor Investment Advisory LLC increased its stake in Alphabet by 4.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 78,958 shares of the information services provider’s stock valued at $24,777,000 after purchasing an additional 3,163 shares in the last quarter. Wilsey Asset Management Inc. purchased a new position in Alphabet in the 4th quarter valued at approximately $251,000. Finally, CWA Asset Management Group LLC raised its holdings in Alphabet by 0.3% during the fourth quarter. CWA Asset Management Group LLC now owns 157,692 shares of the information services provider’s stock worth $49,484,000 after purchasing an additional 549 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $299.02 on Tuesday. The company has a market cap of $3.62 trillion, a P/E ratio of 27.66, a P/E/G ratio of 1.75 and a beta of 1.10. The business has a fifty day simple moving average of $316.99 and a 200-day simple moving average of $294.48. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $350.15. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGGet Free Report) last released its earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. During the same period in the prior year, the business posted $2.15 earnings per share. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. Equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, March 9th. Alphabet’s dividend payout ratio is presently 7.77%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Canaccord Genuity Group upped their target price on Alphabet from $330.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Truist Financial set a $350.00 price target on Alphabet in a research note on Friday, December 5th. Wedbush reiterated an “outperform” rating and issued a $370.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, January 21st. Finally, Piper Sandler restated an “overweight” rating and set a $395.00 target price on shares of Alphabet in a report on Thursday, February 5th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $345.71.

View Our Latest Research Report on GOOG

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Insiders Place Their Bets

In related news, Director Frances Arnold sold 112 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the sale, the director directly owned 18,418 shares in the company, valued at approximately $5,580,469.82. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 955 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares of the company’s stock, valued at $2,955,564. This trade represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,110,165 shares of company stock valued at $118,134,117. 12.99% of the stock is currently owned by corporate insiders.

Alphabet 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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