Goodman Advisory Group LLC Acquires 3,568 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Goodman Advisory Group LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 46,632 shares of the information services provider's stock after acquiring an additional 3,568 shares during the quarter. Alphabet comprises 2.6% of Goodman Advisory Group LLC's investment portfolio, making the stock its 13th biggest holding. Goodman Advisory Group LLC's holdings in Alphabet were worth $8,827,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GOOGL. Compass Planning Associates Inc acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after buying an additional 166 shares during the period. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $39,000. PayPay Securities Corp lifted its holdings in shares of Alphabet by 36.1% in the 4th 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. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $53,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Citigroup reduced their price target on Alphabet from $229.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Needham & Company LLC reissued a "buy" rating and issued a $178.00 price target on shares of Alphabet in a report on Wednesday, April 16th. Truist Financial decreased their target price on Alphabet from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. JMP Securities restated a "market perform" rating on shares of Alphabet in a report on Thursday, April 10th. Finally, UBS Group set a $190.00 target price on shares of Alphabet in a report on Thursday, March 27th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $199.64.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 17,690 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the transaction, the insider now directly owns 43,111 shares in the company, valued at $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 148,163 shares of company stock valued at $25,361,647 in the last three months. 11.55% of the stock is currently owned by company insiders.

Alphabet Price Performance

GOOGL traded up $3.30 during trading on Thursday, reaching $158.65. The stock had a trading volume of 12,694,269 shares, compared to its average volume of 28,289,101. The firm has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The stock has a 50 day moving average of $163.13 and a two-hundred day moving average of $175.47. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results 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 return on equity of 32.49% and a net margin of 28.60%. As a group, equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

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.