Harvest Investment Services LLC Acquires 138 Shares of Alphabet Inc. (NASDAQ:GOOG)

Harvest Investment Services LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOG) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,329 shares of the information services provider’s stock after purchasing an additional 138 shares during the quarter. Harvest Investment Services LLC’s holdings in Alphabet were worth $824,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GOOG. Fiduciary Advisors Inc. bought a new position in shares of Alphabet during the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new position in Alphabet during the fourth quarter valued at $27,000. WealthTrak Capital Management LLC bought a new stake in Alphabet in the fourth quarter worth $38,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Alphabet during the fourth quarter valued at $39,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,163 shares of company stock worth $25,361,647. 12.99% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of Alphabet stock opened at $153.90 on Wednesday. The stock has a 50 day moving average price of $165.77 and a 200-day moving average price of $177.32. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The stock has a market cap of $1.88 trillion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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%. Equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. Alphabet’s dividend payout ratio is 9.94%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wedbush reissued an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Oppenheimer lifted their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Two equities research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $208.38.

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.