Orin Green Financial LLC Buys 70 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Orin Green Financial LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,041 shares of the information services provider’s stock after purchasing an additional 70 shares during the quarter. Orin Green Financial LLC’s holdings in Alphabet were worth $954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Auxier Asset Management raised its position in Alphabet by 1.4% during the fourth quarter. Auxier Asset Management now owns 88,697 shares of the information services provider’s stock valued at $16,790,000 after purchasing an additional 1,265 shares in the last quarter. Blue Sky Capital Consultants Group Inc. bought a new position in shares of Alphabet during the 4th quarter valued at about $5,141,000. Warm Springs Advisors Inc. bought a new position in shares of Alphabet during the 4th quarter valued at about $5,762,000. Richmond Investment Services LLC purchased a new position in shares of Alphabet during the 4th quarter valued at about $845,000. Finally, Invst LLC raised its holdings in shares of Alphabet by 2.0% during the 4th quarter. Invst LLC now owns 25,987 shares of the information services provider’s stock valued at $4,919,000 after buying an additional 512 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Trading Down 1.4%

NASDAQ:GOOGL opened at $168.47 on Friday. The company has a 50-day moving average price of $158.57 and a 200-day moving average price of $174.88. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.04 trillion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) 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 company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. Equities analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This is an increase from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.50%. Alphabet’s dividend payout ratio is 9.36%.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 11,764 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the sale, the insider now owns 49,037 shares in the company, valued at approximately $8,181,333.08. This represents a 19.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 673 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now directly owns 15,303 shares of the company’s stock, valued at $2,377,014.99. This represents a 4.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,654 shares of company stock valued at $26,793,380. Corporate insiders own 11.64% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Stifel Nicolaus cut their target price on Alphabet from $225.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. DZ Bank lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective for the company. in a report on Thursday, February 6th. DA Davidson cut their price objective on shares of Alphabet from $200.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $178.00 target price on shares of Alphabet in a report on Friday, April 25th. Finally, Mizuho decreased their target price on shares of Alphabet from $230.00 to $205.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.75.

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.