Liberty Wealth Management LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 20.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,114 shares of the information services provider's stock after purchasing an additional 1,906 shares during the quarter. Liberty Wealth Management LLC's holdings in Alphabet were worth $2,104,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in GOOGL. Bennett Selby Investments LP grew its stake in shares of Alphabet by 4.0% in the 4th quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock valued at $256,000 after buying an additional 52 shares in the last quarter. Macroview Investment Management LLC lifted its stake in Alphabet by 4.2% in the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock valued at $245,000 after acquiring an additional 52 shares during the last quarter. Conrad Siegel Investment Advisors Inc. grew its position in Alphabet by 0.5% in the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock worth $1,864,000 after acquiring an additional 53 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in shares of Alphabet by 2.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after purchasing an additional 53 shares during the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock valued at $1,425,000 after purchasing an additional 53 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Wells Fargo & Company increased their target price on shares of Alphabet from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. DZ Bank lowered Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective on the stock. in a report on Thursday, February 6th. Wolfe Research boosted their target price on Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. The Goldman Sachs Group reiterated a "buy" rating and set a $210.00 price target on shares of Alphabet in a report on Thursday, December 12th. Finally, DA Davidson lifted their price target on shares of Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $210.59.
View Our Latest Analysis on GOOGL
Alphabet Price Performance
Shares of GOOGL traded down $4.42 during trading hours on Wednesday, hitting $166.14. The stock had a trading volume of 13,291,069 shares, compared to its average volume of 25,831,595. The stock has a market capitalization of $2.03 trillion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company's fifty day moving average is $181.72 and its two-hundred day moving average is $176.86. Alphabet Inc. has a 52 week low of $147.22 and a 52 week high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. On average, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.48%. Alphabet's payout ratio is 9.94%.
Insiders Place Their Bets
In other Alphabet news, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet 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 completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,048 shares of company stock valued at $17,374,274. 11.55% of the stock is currently owned by corporate insiders.
Alphabet Company Profile
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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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