Fairfield Financial Advisors LTD buys shares of 360 Alphabet Inc. (NASDAQ:GOOG)

Fairfield Financial Advisors LTD acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 360 shares of the information services provider’s stock, valued at approximately $66,000.

A number of other hedge funds have recently bought and sold shares of the company. Gilbert & Cook Inc. raised its stake in Alphabet by 15.5% in the fourth quarter. Gilbert & Cook Inc. now owns 29,159 shares of the information services provider’s stock valued at $4,109,000 after purchasing an additional 3,924 shares during the period. Concentrum Wealth Management boosted its stake in Alphabet by 25.0% in the fourth quarter. Concentrum Wealth Management now owns 16,440 shares of the information services provider’s stock worth $2,317,000 after buying an additional 3,283 shares during the period. Aveo Capital Partners LLC increased its stake in shares of Alphabet by 2.4% in the fourth quarter. Aveo Capital Partners LLC now owns 6,647 shares of the information services provider’s stock valued at $937,000 after buying an additional 154 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Alphabet in the fourth quarter valued at about $620,000. Finally, Paragon Private Wealth Management LLC raised its stake in shares of Alphabet by 9.4% in the fourth quarter. Paragon Private Wealth Management LLC now owns 1,716 shares of the information services provider’s stock valued at $242,000 after buying an additional 148 shares during the period. 27.26% of shares are currently owned by institutional investors.

Analyst upgrades and downgrades

Several equities research analysts recently weighed in on GOOG shares. Oppenheimer upped their target price on shares of Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Rosenblatt Securities cut shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research note on Friday, June 28th. TD Cowen upped their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. Finally, DA Davidson upgraded shares of Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Alphabet currently has an average rating of “Moderate Buy” and an average price target of $182.86, according to MarketBeat.com.

Get the latest stock report on GOOG

Insider buying and selling

In related news, SVP Prabhakar Raghavan sold 3,262 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the completion of the transaction, the senior vice president now owns 9 shares in the company, valued at approximately $1,655.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In related news, SVP Prabhakar Raghavan sold 3,262 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the completion of the transaction, the senior vice president now owns 9 shares in the company, valued at approximately $1,655.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the transaction, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The disclosure for this sale can be found here. Insiders sold 202,667 shares of company stock worth $34,341,581 over the last quarter. Insiders own 12.99% of the company’s shares.

Alphabet stock performance

NASDAQ:GOOG opened at $158.99 on Tuesday. Alphabet Inc. has a 1 year low of $121.46 and a 1 year high of $193.31. The firm has a 50-day moving average of $168.43 and a 200-day moving average of $166.48. The company has a current ratio of 2.08, a quick ratio of 2.08, and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.96 trillion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04.

Alphabet (NASDAQ:GOOG – Get Your Free Report ) last posted its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The company had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. In the same quarter last year, the company posted earnings per share of $1.44. Alphabet’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alphabet Inc. will post 7.63 EPS for the current fiscal year.

Alphabetical announcement of dividends

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were paid a $0.20 dividend. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Monday, September 9. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Alphabet Company Profile

(Free report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada and Latin America. It works through Google services, Google Cloud and other betting segments. The Google Services segment offers products and services, including advertising, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube.

Featured stories

Want to see what other hedge funds own GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Alphabet Inc. (NASDAQ:GOOG – Free Report).

Get news and reviews for Alphabet Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alphabet and related companies with MarketBeat.com’s FREE daily email newsletter.