GoalFusion Wealth Management LLC Takes $279,000 Position in Alphabet Inc. (NASDAQ:GOOG)

GoalFusion Wealth Management LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,467 shares of the information services provider's stock, valued at approximately $279,000. Alphabet accounts for about 0.2% of GoalFusion Wealth Management LLC's portfolio, making the stock its 24th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Premier Path Wealth Partners LLC lifted its stake in shares of Alphabet by 8.0% in the 4th quarter. Premier Path Wealth Partners LLC now owns 36,700 shares of the information services provider's stock worth $6,989,000 after acquiring an additional 2,731 shares during the period. Verity & Verity LLC boosted its holdings in Alphabet by 35.1% in the 4th quarter. Verity & Verity LLC now owns 3,426 shares of the information services provider's stock valued at $652,000 after purchasing an additional 891 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of Alphabet by 7.0% during the 4th quarter. Integrated Investment Consultants LLC now owns 5,850 shares of the information services provider's stock worth $1,114,000 after buying an additional 382 shares in the last quarter. InTrack Investment Management Inc boosted its stake in shares of Alphabet by 46.1% in the fourth quarter. InTrack Investment Management Inc now owns 9,276 shares of the information services provider's stock valued at $1,772,000 after buying an additional 2,929 shares in the last quarter. Finally, Atwater Malick LLC purchased a new position in Alphabet in the fourth quarter worth $230,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

NASDAQ:GOOG opened at $197.55 on Monday. The company has a market cap of $2.42 trillion, a P/E ratio of 26.20, a P/E/G ratio of 1.21 and a beta of 0.99. The firm's 50 day moving average is $185.92 and its two-hundred day moving average is $174.85. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $202.88. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued 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 firm had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 earnings per share. Analysts expect that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet's payout ratio is currently 10.61%.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research analyst reports. Canaccord Genuity Group increased their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price target on Alphabet from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Pivotal Research boosted their target price on Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Oppenheimer upped their target price on Alphabet from $185.00 to $215.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average target price of $200.56.

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 441 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the transaction, the director now owns 16,490 shares in the company, valued at $2,820,779.40. This represents a 2.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 2,834 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,387 shares of company stock worth $24,368,654. Company insiders own 12.99% of the company's stock.

Alphabet 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.