Integrated Wealth Concepts LLC Has $32.63 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Integrated Wealth Concepts LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,345 shares of the information services provider's stock after buying an additional 6,456 shares during the period. Integrated Wealth Concepts LLC's holdings in Alphabet were worth $32,625,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new position in shares of Alphabet in the 4th quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of 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 period. Fiduciary Advisors Inc. bought a new position in shares of Alphabet in the fourth quarter valued at approximately $39,000. PayPay Securities Corp lifted 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 worth $46,000 after buying an additional 65 shares during the last quarter. Finally, Denver PWM LLC boosted its holdings in shares of Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after buying an additional 57 shares during the period. Institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

Alphabet stock opened at $155.65 on Thursday. The business's fifty day moving average is $163.13 and its two-hundred day moving average is $175.47. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $1.90 trillion, a P/E ratio of 19.33, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05.

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

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research analyst reports. BMO Capital Markets reissued an "outperform" rating and set a $200.00 target price (down previously from $230.00) on shares of Alphabet in a research report on Thursday, April 17th. Roth Mkm reissued a "buy" rating and set a $220.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. UBS Group set a $190.00 target price on Alphabet in a report on Thursday, March 27th. Jefferies Financial Group cut their price target on Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, DA Davidson lowered their price objective on shares of Alphabet from $200.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $199.64.

Insider Buying and Selling

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

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.

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