Guided Capital Wealth Management LLC Purchases New Position in Alphabet Inc. (NASDAQ:GOOGL)

Guided Capital Wealth Management LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,282 shares of the information services provider's stock, valued at approximately $1,379,000. Alphabet comprises about 1.3% of Guided Capital Wealth Management LLC's holdings, making the stock its 19th biggest holding.

A number of other institutional investors also recently bought and sold shares of GOOGL. LMR Partners LLP acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $32,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $39,000. Denver PWM LLC grew its stake in shares of Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after purchasing an additional 57 shares during the period. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $66,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,500 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the transaction, the director now directly owns 23,324 shares of the company's stock, valued at approximately $4,529,987.28. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction dated 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 directly owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,299 shares of company stock valued at $25,055,751 in the last three months. 11.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on GOOGL. Seaport Res Ptn raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. BMO Capital Markets reaffirmed an "outperform" rating and set a $217.00 price objective (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Robert W. Baird reissued an "outperform" rating and issued a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. Truist Financial lifted their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley dropped their price target on shares of Alphabet from $215.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and an average target price of $210.62.

Alphabet Trading Down 2.7 %

Shares of NASDAQ GOOGL traded down $4.90 during trading on Friday, hitting $179.66. 35,094,289 shares of the company were exchanged, compared to its average volume of 28,166,218. The firm has a market capitalization of $2.19 trillion, a PE ratio of 22.32, a P/E/G ratio of 1.34 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a fifty day moving average price of $192.46 and a 200-day moving average price of $175.81. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results 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%. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

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.