Coordinated Financial Services Inc. Takes Position in Alphabet Inc. (NASDAQ:GOOGL)

Coordinated Financial Services Inc. bought a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,918 shares of the information services provider's stock, valued at approximately $552,000.

Several other institutional investors have also recently bought and sold shares of GOOGL. Compass Planning Associates Inc acquired a new stake in shares of Alphabet during the 4th quarter valued at $30,000. LMR Partners LLP bought a new position in Alphabet in the third quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. raised its position in Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the fourth quarter valued at about $39,000. Finally, PayPay Securities Corp increased its stake in shares of Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on GOOGL. Robert W. Baird reiterated an "outperform" rating and set a $205.00 target price on shares of Alphabet in a research report on Tuesday, December 10th. The Goldman Sachs Group reissued a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Roth Mkm reiterated a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $205.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Alphabet has an average rating of "Moderate Buy" and an average target price of $210.59.

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Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 1,374 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the sale, the chief accounting officer now directly owns 15,024 shares of the company's stock, valued at $2,606,213.28. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares of the company's stock, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,048 shares of company stock valued at $17,374,274. Company insiders own 11.55% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL traded up $2.88 during midday trading on Tuesday, reaching $170.56. The company's stock had a trading volume of 24,115,277 shares, compared to its average volume of 25,875,971. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 21.19, a PEG ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a 50 day moving average price of $182.10 and a 200-day moving average price of $176.73. Alphabet Inc. has a 12-month low of $147.22 and a 12-month high of $207.05.

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

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

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.