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Empirical Asset Management LLC Raises Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Alphabet logo with Computer and Technology background

Empirical Asset Management LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 182.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 133,980 shares of the information services provider's stock after buying an additional 86,527 shares during the quarter. Empirical Asset Management LLC's holdings in Alphabet were worth $25,362,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GOOGL. Lantz Financial LLC raised its stake in Alphabet by 10.8% during the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider's stock valued at $842,000 after purchasing an additional 452 shares during the last quarter. Spectrum Wealth Advisory Group LLC acquired a new position in shares of Alphabet in the 2nd quarter valued at $218,000. Stonebrook Private Inc. raised its stake in shares of Alphabet by 11.4% in the 2nd quarter. Stonebrook Private Inc. now owns 16,616 shares of the information services provider's stock valued at $3,027,000 after buying an additional 1,695 shares in the last quarter. Parcion Private Wealth LLC raised its stake in shares of Alphabet by 10.5% in the 2nd quarter. Parcion Private Wealth LLC now owns 22,845 shares of the information services provider's stock valued at $4,161,000 after buying an additional 2,171 shares in the last quarter. Finally, Umpqua Bank raised its stake in shares of Alphabet by 2.7% in the 2nd quarter. Umpqua Bank now owns 44,719 shares of the information services provider's stock valued at $8,146,000 after buying an additional 1,157 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Sanford C. Bernstein increased their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a "market perform" rating in a report on Wednesday, October 30th. Evercore ISI increased their price objective on shares of Alphabet from $200.00 to $205.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. BMO Capital Markets reissued an "outperform" rating and set a $217.00 price objective (up previously from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Finally, Robert W. Baird reissued an "outperform" rating and set a $205.00 price objective on shares of Alphabet in a report on Tuesday, December 10th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $208.15.

View Our Latest Research Report on Alphabet

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 2,834 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares in the company, valued at approximately $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the business's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares of the company's stock, valued at $8,471,620.22. The trade was a 27.66 % 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 owned by insiders.

Alphabet Stock Performance

Alphabet stock traded up $3.09 during midday trading on Monday, reaching $196.00. The stock had a trading volume of 27,621,897 shares, compared to its average volume of 23,105,888. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. 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. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $201.42. The firm's 50-day moving average price is $184.43 and its 200 day moving average price is $173.25.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted 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. 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 quarter in the previous year, the firm earned $1.55 EPS. As a group, research analysts predict that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. Alphabet's payout ratio is 10.61%.

About Alphabet

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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