LifeGoal Wealth Advisors Takes $314,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

LifeGoal Wealth Advisors bought a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,657 shares of the information services provider's stock, valued at approximately $314,000.

Several other large investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in Alphabet by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock worth $10,559,240,000 after acquiring an additional 4,567,275 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Alphabet during the 3rd quarter worth approximately $513,024,000. Geode Capital Management LLC raised its position in Alphabet by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock valued at $22,154,651,000 after purchasing an additional 2,626,431 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Alphabet by 26.9% during the third quarter. National Bank of Canada FI now owns 10,064,598 shares of the information services provider's stock worth $1,669,300,000 after buying an additional 2,136,128 shares during the last quarter. Finally, Darsana Capital Partners LP purchased a new stake in shares of Alphabet during the third quarter worth approximately $331,700,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a "buy" rating and issued a $210.00 price target on shares of Alphabet in a report on Thursday, December 12th. Citigroup dropped their target price on shares of Alphabet from $232.00 to $229.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. JMP Securities reissued a "market perform" rating on shares of Alphabet in a research note on Wednesday, February 5th. Cantor Fitzgerald lowered their price target on Alphabet from $215.00 to $210.00 and set a "neutral" rating on the stock in a report on Wednesday, January 22nd. Finally, DA Davidson lifted their price objective on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and an average target price of $210.62.

Remove Ads

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction dated 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 transaction, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 16,820 shares of the business's 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 owns 43,981 shares of the company's stock, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,182 shares of company stock worth $18,192,354 in the last ninety days. 11.55% of the stock is owned by insiders.

Alphabet Trading Down 1.1 %

NASDAQ:GOOGL opened at $164.04 on Wednesday. The firm has a market capitalization of $2.00 trillion, a PE ratio of 20.38, a price-to-earnings-growth 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. Alphabet Inc. has a 12 month low of $137.03 and a 12 month high of $207.05. The business's 50-day moving average is $187.20 and its two-hundred day moving average is $176.55.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Research analysts predict 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 will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.49%. Alphabet's dividend payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.