Crux Wealth Advisors Takes Position in Alphabet Inc. (NASDAQ:GOOGL)

Crux Wealth Advisors acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,950 shares of the information services provider’s stock, valued at approximately $2,451,000. Alphabet comprises 1.4% of Crux Wealth Advisors’ investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors also recently added to or reduced their stakes in GOOGL. Compass Planning Associates Inc acquired a new stake in shares of Alphabet in the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after acquiring an additional 166 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Alphabet during the fourth quarter worth about $39,000. PayPay Securities Corp grew its stake in shares of Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after acquiring an additional 65 shares during the last quarter. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $53,000. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the transaction, the director now owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,663 shares of company stock valued at $20,286,447. Corporate insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $153.33 on Thursday. The stock has a market capitalization of $1.87 trillion, a P/E ratio of 19.05, a PEG ratio of 1.34 and a beta of 1.03. The business has a 50 day simple moving average of $166.53 and a two-hundred day simple moving average of $175.98. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

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 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%. As a group, analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. Alphabet’s payout ratio is presently 9.94%.

Analysts Set New Price Targets

Several research firms have weighed in on GOOGL. Wedbush set a $190.00 target price on shares of Alphabet and gave the stock an “outperform” rating in a research report on Tuesday. DZ Bank downgraded Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price on the stock. in a research report on Thursday, February 6th. Wolfe Research raised their target price on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Mizuho dropped their price target on Alphabet from $230.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, Jefferies Financial Group reduced their price objective on Alphabet from $235.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $202.46.

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.