My Legacy Advisors LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,475 shares of the information services provider's stock after acquiring an additional 2,121 shares during the quarter. Alphabet makes up 1.6% of My Legacy Advisors LLC's holdings, making the stock its 14th largest holding. My Legacy Advisors LLC's holdings in Alphabet were worth $4,004,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of the stock. Conrad Siegel Investment Advisors Inc. grew its position in Alphabet by 0.5% in the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock worth $1,864,000 after acquiring an additional 53 shares in the last quarter. Denver PWM LLC lifted its stake in Alphabet by 25.4% in the third 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 last quarter. Ignite Planners LLC lifted its stake in Alphabet by 0.4% in the fourth quarter. Ignite Planners LLC now owns 15,078 shares of the information services provider's stock worth $2,892,000 after purchasing an additional 57 shares during the last quarter. Fermata Advisors LLC lifted its stake in Alphabet by 0.8% in the fourth quarter. Fermata Advisors LLC now owns 7,433 shares of the information services provider's stock worth $1,407,000 after purchasing an additional 57 shares during the last quarter. Finally, Winch Advisory Services LLC lifted its stake in Alphabet by 1.3% in the fourth quarter. Winch Advisory Services LLC now owns 4,386 shares of the information services provider's stock worth $830,000 after purchasing an additional 58 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Trading Up 0.6 %
Shares of Alphabet stock traded up $1.11 during mid-day trading on Thursday, hitting $199.48. The stock had a trading volume of 4,132,065 shares, compared to its average volume of 22,319,691. The firm has a 50-day moving average of $185.46 and a two-hundred day moving average of $173.55. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $202.29. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.44 trillion, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter last year, the company posted $1.55 EPS. Sell-side analysts forecast that Alphabet Inc. will post 8.03 earnings per share for the current year.
Alphabet Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. Alphabet's dividend payout ratio (DPR) is presently 10.61%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on GOOGL shares. Tigress Financial raised their price objective on shares of Alphabet from $210.00 to $220.00 and gave the stock a "strong-buy" rating in a research note on Thursday, September 26th. Pivotal Research raised their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. JMP Securities reaffirmed a "market perform" rating on shares of Alphabet in a research note on Friday, January 10th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $217.00 price target (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $208.67.
Read Our Latest Stock Analysis on GOOGL
Insiders Place Their Bets
In related news, CAO Amie Thuener O'toole sold 2,834 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the transaction, the chief accounting officer now directly owns 17,847 shares of the company's stock, valued at $3,468,029.04. This trade represents a 13.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the transaction, the director now directly owns 21,824 shares in the company, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock worth $24,368,654 in the last ninety days. 11.55% of the stock is owned by corporate insiders.
About Alphabet
(
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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