Versant Capital Management Inc Has $1.47 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Versant Capital Management Inc increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 22.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,721 shares of the information services provider’s stock after buying an additional 1,438 shares during the quarter. Versant Capital Management Inc’s holdings in Alphabet were worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Heritage Family Offices LLP acquired a new position in shares of Alphabet during the 2nd quarter worth about $227,000. Elevated Capital Advisors LLC increased its position in Alphabet by 6.7% in the 2nd quarter. Elevated Capital Advisors LLC now owns 16,509 shares of the information services provider’s stock worth $3,028,000 after buying an additional 1,039 shares during the period. FFT Wealth Management LLC lifted its holdings in shares of Alphabet by 1.0% during the second quarter. FFT Wealth Management LLC now owns 23,300 shares of the information services provider’s stock worth $4,274,000 after buying an additional 239 shares during the last quarter. Crestwood Advisors Group LLC boosted its position in shares of Alphabet by 0.3% in the second quarter. Crestwood Advisors Group LLC now owns 370,359 shares of the information services provider’s stock valued at $67,933,000 after acquiring an additional 1,004 shares during the period. Finally, PrairieView Partners LLC grew its stake in shares of Alphabet by 40.9% in the second quarter. PrairieView Partners LLC now owns 7,482 shares of the information services provider’s stock worth $1,372,000 after acquiring an additional 2,171 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of Alphabet stock opened at $190.63 on Friday. The stock has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 1.38 and a beta of 1.02. The firm’s 50-day moving average price is $180.72 and its two-hundred day moving average price is $173.79. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $202.88.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business’s revenue was up 15.1% on a year-over-year basis. During the same period last year, the firm posted $1.55 EPS. On average, equities analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. UBS Group upped their target price on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Barclays increased their target price on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Cantor Fitzgerald upgraded Alphabet to a “hold” rating in a research note on Thursday, September 5th. Wells Fargo & Company raised their price objective on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Citigroup boosted their price objective on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.56.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $167.23, for a total value of $473,929.82. Following the transaction, the chief accounting officer now owns 26,349 shares of the company’s stock, valued at approximately $4,406,343.27. This trade represents a 9.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the sale, the director now directly owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,519 shares of company stock worth $27,734,316. 12.99% of the stock is currently owned by corporate insiders.

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.