Financial Perspectives Inc grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 33.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,954 shares of the information services provider’s stock after purchasing an additional 988 shares during the quarter. Financial Perspectives Inc’s holdings in Alphabet were worth $749,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schear Investment Advisers LLC increased its holdings in Alphabet by 17.0% in the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider’s stock worth $5,598,000 after acquiring an additional 4,905 shares in the last quarter. Landscape Capital Management L.L.C. increased its holdings in Alphabet by 27.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider’s stock worth $4,192,000 after acquiring an additional 5,516 shares in the last quarter. abrdn plc increased its holdings in Alphabet by 10.7% in the 3rd quarter. abrdn plc now owns 6,305,717 shares of the information services provider’s stock worth $1,037,196,000 after acquiring an additional 611,233 shares in the last quarter. Olistico Wealth LLC increased its holdings in Alphabet by 9.1% in the 4th quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider’s stock worth $1,700,000 after acquiring an additional 746 shares in the last quarter. Finally, Centaurus Financial Inc. increased its holdings in Alphabet by 22.9% in the 3rd quarter. Centaurus Financial Inc. now owns 61,540 shares of the information services provider’s stock worth $10,206,000 after acquiring an additional 11,481 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.
Insider Activity at Alphabet
In related news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares in the company, valued at $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,316 shares of company stock worth $25,062,887 over the last three months. 11.55% of the stock is owned by corporate insiders.
Alphabet Stock Performance
GOOGL stock opened at $167.01 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The business’s fifty day simple moving average is $190.02 and its two-hundred day simple moving average is $176.35. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $207.05. The firm has a market cap of $2.04 trillion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.34 and a beta of 0.99.
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet’s payout ratio is currently 9.94%.
Wall Street Analyst Weigh In
Several research firms have weighed in on GOOGL. Bank of America restated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research note on Monday, December 23rd. Piper Sandler dropped their price target on Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Wolfe Research upped their price target on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Needham & Company LLC restated a “buy” rating and issued a $225.00 price target on shares of Alphabet in a research note on Wednesday, February 5th. Finally, KeyCorp upped their price target on Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.
Read Our Latest Research Report on Alphabet
Alphabet Profile
(Free Report)
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.
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