Comprehensive Financial Planning Inc. PA Buys Shares of 3,043 Alphabet Inc. (NASDAQ:GOOGL)

Comprehensive Financial Planning Inc. PA bought a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,043 shares of the information services provider's stock, valued at approximately $576,000.

Other hedge funds have also modified their holdings of the company. Elevate Capital Advisors LLC acquired a new stake in Alphabet during the fourth quarter worth about $4,758,000. GGM Financials LLC increased its position in Alphabet by 3.6% during the fourth quarter. GGM Financials LLC now owns 2,647 shares of the information services provider's stock worth $501,000 after purchasing an additional 93 shares during the last quarter. Savant Capital LLC increased its position in Alphabet by 5.0% during the fourth quarter. Savant Capital LLC now owns 149,387 shares of the information services provider's stock worth $28,279,000 after purchasing an additional 7,159 shares during the last quarter. Luminvest Wealth Management LLC increased its position in Alphabet by 66.8% during the fourth quarter. Luminvest Wealth Management LLC now owns 2,247 shares of the information services provider's stock worth $425,000 after purchasing an additional 900 shares during the last quarter. Finally, Burns Matteson Capital Management LLC increased its position in Alphabet by 21.0% during the fourth quarter. Burns Matteson Capital Management LLC now owns 7,904 shares of the information services provider's stock worth $1,496,000 after purchasing an additional 1,372 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In related news, Director Kavitark Ram Shriram sold 37,134 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the sale, the director now directly owns 282,832 shares in the company, valued at $52,329,576.64. The trade was a 11.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,299 shares of company stock valued at $25,055,751. 11.55% of the stock is owned by company insiders.

Alphabet Stock Performance

GOOGL traded down $4.90 during trading on Friday, hitting $179.66. The stock had a trading volume of 35,094,289 shares, compared to its average volume of 28,166,218. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 22.32, a PEG ratio of 1.34 and a beta of 0.99. The company's 50-day moving average price is $192.46 and its 200 day moving average price is $175.69. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.45%. Alphabet's dividend payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GOOGL shares. Phillip Securities upgraded shares of Alphabet to a "strong-buy" rating in a research report on Friday, November 1st. Cantor Fitzgerald dropped their price target on shares of Alphabet from $215.00 to $210.00 and set a "neutral" rating for the company in a research report on Wednesday, January 22nd. Bank of America reiterated a "buy" rating and set a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. Stifel Nicolaus raised their price objective on shares of Alphabet from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Seaport Res Ptn upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $210.62.

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.