Partners in Financial Planning Buys Shares of 2,432 Alphabet Inc. (NASDAQ:GOOGL)

Partners in Financial Planning purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,432 shares of the information services provider’s stock, valued at approximately $460,000.

A number of other hedge funds have also recently modified their holdings of GOOGL. O Shaughnessy Asset Management LLC increased its stake in Alphabet by 23.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 731,210 shares of the information services provider’s stock worth $138,418,000 after acquiring an additional 137,203 shares during the last quarter. Delos Wealth Advisors LLC grew its holdings in shares of Alphabet by 8.5% during the 4th quarter. Delos Wealth Advisors LLC now owns 10,747 shares of the information services provider’s stock worth $2,034,000 after purchasing an additional 846 shares during the period. Holowesko Partners Ltd. raised its holdings in Alphabet by 2.2% in the 4th quarter. Holowesko Partners Ltd. now owns 133,800 shares of the information services provider’s stock valued at $25,328,000 after buying an additional 2,900 shares during the period. Prevail Innovative Wealth Advisors LLC lifted its position in Alphabet by 49.2% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 2,562 shares of the information services provider’s stock valued at $485,000 after buying an additional 845 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Alphabet by 2.6% during the fourth quarter. Clearbridge Investments LLC now owns 9,220,676 shares of the information services provider’s stock worth $1,745,474,000 after buying an additional 231,364 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $144.70 on Wednesday. The company’s 50 day simple moving average is $172.22 and its 200-day simple moving average is $176.46. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The firm has a market cap of $1.76 trillion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.55%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GOOGL. Wells Fargo & Company reduced their price target on shares of Alphabet from $184.00 to $167.00 and set an “equal weight” rating on the stock in a research note on Monday, March 31st. 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. KeyCorp cut their price objective on Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Stifel Nicolaus raised their target price on Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Piper Sandler cut their price target on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $208.10.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the transaction, the insider now owns 43,111 shares in the company, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,797 shares of company stock valued at $21,089,470. 11.55% of the stock is owned by company insiders.

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.