Nisa Investment Advisors LLC Has $483.66 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Nisa Investment Advisors LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 24.9% during the 4th quarter, HoldingsChannel reports. The firm owned 2,539,691 shares of the information services provider’s stock after acquiring an additional 506,187 shares during the period. Alphabet comprises 1.9% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its 6th largest position. Nisa Investment Advisors LLC’s holdings in Alphabet were worth $483,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Genesis Private Wealth LLC bought a new stake in shares of Alphabet during the fourth quarter worth about $458,000. Simon Quick Advisors LLC boosted its position in Alphabet by 4.7% during the 4th quarter. Simon Quick Advisors LLC now owns 41,282 shares of the information services provider’s stock worth $7,862,000 after buying an additional 1,836 shares during the period. Red Spruce Capital LLC grew its holdings in Alphabet by 2.1% during the 4th quarter. Red Spruce Capital LLC now owns 10,132 shares of the information services provider’s stock worth $1,930,000 after acquiring an additional 210 shares during the last quarter. Sheets Smith Wealth Management increased its position in Alphabet by 5.1% in the 4th quarter. Sheets Smith Wealth Management now owns 112,757 shares of the information services provider’s stock valued at $21,473,000 after acquiring an additional 5,475 shares during the period. Finally, Capstone Wealth Management LLC bought a new position in shares of Alphabet during the fourth quarter valued at $304,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares of the company’s stock, valued at $2,820,779.40. The trade was a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the sale, the chief accounting officer now directly owns 26,349 shares of the company’s stock, valued at $4,516,745.58. This trade represents a 4.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock worth $24,368,654 in the last quarter. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on GOOG shares. UBS Group increased their price objective on Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price target on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Canaccord Genuity Group boosted their price objective on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $205.13.

Alphabet Trading Up 1.2 %

NASDAQ:GOOG opened at $201.90 on Friday. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $203.84. The firm has a 50-day moving average price of $187.39 and a two-hundred day moving average price of $175.23. The firm has a market cap of $2.47 trillion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

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

Alphabet Dividend Announcement

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 was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.40%. Alphabet’s payout ratio is currently 10.61%.

Alphabet 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.