First Pacific Financial Increases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

First Pacific Financial increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 123.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,840 shares of the information services provider's stock after purchasing an additional 1,571 shares during the period. First Pacific Financial's holdings in Alphabet were worth $538,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GOOGL. Conrad Siegel Investment Advisors Inc. increased its position in Alphabet by 0.5% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock valued at $1,864,000 after purchasing an additional 53 shares during the period. Denver PWM LLC increased its position in Alphabet by 25.4% during the 3rd 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 increased its position in Alphabet by 0.4% during the 4th 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 increased its position in Alphabet by 0.8% during the 4th 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 increased its position in Alphabet by 1.3% during the 4th 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. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now owns 282,832 shares in the company, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,367 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares of the company's stock, valued at approximately $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 90 days, insiders have sold 133,387 shares of company stock worth $24,368,654. Corporate insiders own 11.55% of the company's stock.

Analysts Set New Price Targets

GOOGL has been the topic of a number of recent research reports. Scotiabank raised shares of Alphabet to a "strong-buy" rating in a research report on Friday, October 11th. Citizens Jmp cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. BMO Capital Markets restated an "outperform" rating and set a $217.00 target price (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Needham & Company LLC restated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research note on Wednesday, October 30th. Finally, Bank of America restated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $208.15.

Alphabet Stock Up 1.6 %

Shares of GOOGL stock traded up $3.09 during trading hours on Monday, reaching $196.00. 27,621,897 shares of the company's stock were exchanged, compared to its average volume of 23,105,888. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $201.42. The stock has a market cap of $2.40 trillion, a PE ratio of 25.99, a PEG ratio of 1.22 and a beta of 0.98. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock's fifty day moving average price is $184.43 and its two-hundred day moving average price is $173.25.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its 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 firm had revenue of $88.27 billion for 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 prior year, the firm earned $1.55 earnings per share. Research analysts predict that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Announces Dividend

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

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.