Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,885 shares of the information services provider's stock after purchasing an additional 11,944 shares during the period. Alphabet comprises 2.2% of San Luis Wealth Advisors LLC's portfolio, making the stock its 11th largest holding. San Luis Wealth Advisors LLC's holdings in Alphabet were worth $11,715,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Schear Investment Advisers LLC lifted its stake in shares of Alphabet by 17.0% in the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock worth $5,598,000 after purchasing an additional 4,905 shares during the period. Trinity Financial Advisors LLC increased its stake in shares of Alphabet by 4.5% in the 3rd quarter. Trinity Financial Advisors LLC now owns 4,423 shares of the information services provider's stock worth $771,000 after purchasing an additional 190 shares in the last quarter. Landscape Capital Management L.L.C. raised its holdings in Alphabet by 27.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock worth $4,192,000 after purchasing an additional 5,516 shares during the period. abrdn plc grew its holdings in Alphabet by 10.7% during the third quarter. abrdn plc now owns 6,305,717 shares of the information services provider's stock valued at $1,037,196,000 after purchasing an additional 611,233 shares during the period. Finally, StoneCrest Wealth Management Inc. increased its position in Alphabet by 0.7% in the third quarter. StoneCrest Wealth Management Inc. now owns 21,509 shares of the information services provider's stock worth $3,567,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent analyst reports. Evercore ISI raised their target price on shares of Alphabet from $200.00 to $205.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Stifel Nicolaus increased their target price on Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on Alphabet from $212.00 to $232.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. The Goldman Sachs Group reissued a "buy" rating and issued a $210.00 target price on shares of Alphabet in a report on Thursday, December 12th. Finally, Robert W. Baird restated an "outperform" rating and set a $205.00 target price on shares of Alphabet in a research report on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $208.15.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total transaction 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 approximately $4,529,987.28. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 2,834 shares of Alphabet stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $4,085,531.55. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 133,387 shares of company stock valued at $24,368,654. Company insiders own 11.55% of the company's stock.

Alphabet Trading Up 1.6 %

Shares of NASDAQ:GOOGL traded up $3.09 during trading on Friday, reaching $196.00. 27,621,897 shares of the company were exchanged, compared to its average volume of 22,977,725. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market capitalization of $2.40 trillion, a PE ratio of 25.99, a P/E/G ratio of 1.22 and a beta of 0.98. The business's fifty day simple moving average is $184.08 and its 200-day simple moving average is $173.33. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $201.42.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same period in the previous year, the company posted $1.55 EPS. On average, research analysts anticipate that Alphabet Inc. will post 8.03 EPS 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 given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet's dividend payout ratio (DPR) 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.