Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Annex Advisory Services LLC

Annex Advisory Services LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,306 shares of the information services provider's stock after purchasing an additional 1,272 shares during the quarter. Annex Advisory Services LLC's holdings in Alphabet were worth $7,630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LMR Partners LLP acquired a new stake in Alphabet during the third quarter worth approximately $32,000. Denver PWM LLC raised its holdings in Alphabet by 25.4% during 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 in the last quarter. Quarry LP acquired a new stake in Alphabet during the second quarter worth approximately $53,000. Teachers Insurance & Annuity Association of America acquired a new stake in Alphabet during the third quarter worth approximately $66,000. Finally, Mendota Financial Group LLC raised its holdings in Alphabet by 19.0% during the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider's stock worth $67,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on GOOGL. 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 report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Alphabet from $212.00 to $232.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Evercore ISI lifted their target price on shares of Alphabet from $200.00 to $205.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Cantor Fitzgerald cut their target price on shares of Alphabet from $215.00 to $210.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Sanford C. Bernstein lifted their target price on shares of Alphabet from $180.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Nine investment 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. According to MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $208.67.

Alphabet Price Performance

Shares of Alphabet stock traded up $1.11 during trading on Thursday, hitting $199.48. 4,132,065 shares of the company were exchanged, compared to its average volume of 22,319,691. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $202.29. The stock has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 1.27 and a beta of 0.98. The firm has a 50 day moving average price of $185.46 and a 200 day moving average price of $173.55.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results 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. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same period in the prior year, the firm posted $1.55 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced 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 of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.40%. Alphabet's dividend payout ratio (DPR) is presently 10.61%.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at $4,085,531.55. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the transaction, the chief executive officer now owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,387 shares of company stock worth $24,368,654. 11.55% of the stock is owned by company insiders.

Alphabet Company Profile

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.