Kingstone Capital Partners Texas LLC Buys Shares of 25,450 Alphabet Inc. (NASDAQ:GOOG)

Kingstone Capital Partners Texas LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 25,450 shares of the information services provider’s stock, valued at approximately $4,847,000. Alphabet accounts for approximately 3.9% of Kingstone Capital Partners Texas LLC’s investment portfolio, making the stock its 9th largest holding.

A number of other large investors also recently added to or reduced their stakes in GOOG. Cassaday & Co Wealth Management LLC raised its position in shares of Alphabet by 9.3% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 28,044 shares of the information services provider’s stock valued at $5,341,000 after acquiring an additional 2,390 shares during the period. LaFleur & Godfrey LLC raised its position in shares of Alphabet by 1.2% in the 4th quarter. LaFleur & Godfrey LLC now owns 31,967 shares of the information services provider’s stock valued at $6,088,000 after acquiring an additional 380 shares during the period. Charles Schwab Trust Co raised its position in shares of Alphabet by 22.9% in the 4th quarter. Charles Schwab Trust Co now owns 5,259 shares of the information services provider’s stock valued at $1,002,000 after acquiring an additional 979 shares during the period. Alpha Cubed Investments LLC raised its position in shares of Alphabet by 0.3% in the 4th quarter. Alpha Cubed Investments LLC now owns 50,426 shares of the information services provider’s stock valued at $9,603,000 after acquiring an additional 139 shares during the period. Finally, Transform Wealth LLC raised its position in shares of Alphabet by 49.7% in the 4th quarter. Transform Wealth LLC now owns 40,376 shares of the information services provider’s stock valued at $7,689,000 after acquiring an additional 13,400 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,374 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at $2,606,213.28. This trade represents a 8.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were 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 directly owns 7,813 shares of the company’s stock, 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. Insiders sold 164,654 shares of company stock valued at $26,793,380 in the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Shares of GOOG opened at $169.59 on Friday. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 21.07, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The company has a 50 day moving average of $160.47 and a 200-day moving average of $176.61. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. The company had revenue of $90.23 billion during the quarter, compared to analysts’ expectations of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the business earned $1.89 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This is a boost from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Monday, June 9th. Alphabet’s dividend payout ratio (DPR) is currently 9.36%.

Analyst Ratings Changes

GOOG has been the topic of a number of analyst reports. Wedbush reiterated an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. KeyCorp cut their price target on shares of Alphabet from $202.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Westpark Capital reiterated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research report on Friday, April 25th. Tigress Financial reiterated a “strong-buy” rating on shares of Alphabet in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.94.

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.