1,803 Shares in Alphabet Inc. (NASDAQ:GOOGL) Purchased by Client 1ST Advisory Group LLC

Client 1ST Advisory Group LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,803 shares of the information services provider's stock, valued at approximately $341,000.

Several other large investors have also recently bought and sold shares of the stock. Conrad Siegel Investment Advisors Inc. lifted its stake 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 valued at $1,864,000 after acquiring an additional 53 shares during the last quarter. Denver PWM LLC raised its position in shares of 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 purchasing an additional 57 shares during the period. Ignite Planners LLC raised its position in shares of Alphabet by 0.4% in the fourth quarter. Ignite Planners LLC now owns 15,078 shares of the information services provider's stock valued at $2,892,000 after purchasing an additional 57 shares during the period. Fermata Advisors LLC raised its position in shares of Alphabet by 0.8% in the fourth quarter. Fermata Advisors LLC now owns 7,433 shares of the information services provider's stock valued at $1,407,000 after purchasing an additional 57 shares during the period. Finally, Winch Advisory Services LLC raised its position in shares of Alphabet by 1.3% in the fourth quarter. Winch Advisory Services LLC now owns 4,386 shares of the information services provider's stock valued at $830,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Analysts Set New Price Targets

GOOGL has been the topic of a number of recent analyst reports. Loop Capital lifted their price target on shares of Alphabet from $170.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Wolfe Research lifted their price target on shares of Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Bank of America reissued a "buy" rating and issued a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. 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 report on Wednesday, October 30th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $208.67.

Alphabet Trading Up 0.6 %

GOOGL stock traded up $1.11 during mid-day trading on Thursday, reaching $199.48. The company's stock had a trading volume of 4,132,065 shares, compared to its average volume of 22,319,691. The company has a market cap of $2.44 trillion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. The business's 50 day moving average price is $185.46 and its 200 day moving average price is $173.55. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $202.29. 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 (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during 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 in the prior year, the firm posted $1.55 EPS. On average, equities research analysts predict that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a $0.20 dividend. 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%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,367 shares of the company's 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 transaction, the chief accounting officer now owns 26,349 shares in the company, valued at $4,516,745.58. This represents a 4.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now owns 21,824 shares of the company's stock, valued at $4,142,195.20. The trade was a 6.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,387 shares of company stock worth $24,368,654 in the last quarter. 11.55% of the stock is currently owned by company insiders.

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.