Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,866 shares of the information services provider's stock after buying an additional 2,334 shares during the period. Alphabet makes up 2.8% of KMG Fiduciary Partners LLC's portfolio, making the stock its 6th biggest position. KMG Fiduciary Partners LLC's holdings in Alphabet were worth $34,049,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. LMR Partners LLP bought a new position in Alphabet in the third quarter valued at about $32,000. Denver PWM LLC lifted its holdings in Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after acquiring an additional 57 shares during the period. Quarry LP bought a new position in Alphabet in the second quarter valued at about $53,000. Teachers Insurance & Annuity Association of America bought a new position in Alphabet in the third quarter valued at about $66,000. Finally, Mendota Financial Group LLC raised its stake in shares of Alphabet by 19.0% in the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider's stock worth $67,000 after buying an additional 64 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 1,367 shares of Alphabet stock in a transaction on Friday, November 1st. The stock was sold at an average price of $171.42, for a total value 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 approximately $4,516,745.58. The trade was a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the sale, the director now directly owns 23,324 shares of the company's stock, valued at $4,529,987.28. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,387 shares of company stock worth $24,368,654. 11.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on GOOGL. Royal Bank of Canada raised their price objective on Alphabet from $204.00 to $210.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Robert W. Baird reiterated an "outperform" rating and set a $205.00 target price on shares of Alphabet in a research report on Tuesday, December 10th. The Goldman Sachs Group reiterated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $190.00 target price on shares of Alphabet in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $208.15.

Alphabet Price Performance

GOOGL traded up $3.09 during trading on Monday, hitting $196.00. The company's stock had a trading volume of 27,621,897 shares, compared to its average volume of 23,105,888. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $201.42. The business's fifty day simple moving average is $184.43 and its 200 day simple moving average is $173.25. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 1.22 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period last year, the company earned $1.55 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post 8.03 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.41%. Alphabet's payout ratio is 10.61%.

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.