Moss Adams Wealth Advisors LLC Has $7 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Moss Adams Wealth Advisors LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,970 shares of the information services provider's stock after buying an additional 1,436 shares during the quarter. Alphabet accounts for about 0.7% of Moss Adams Wealth Advisors LLC's portfolio, making the stock its 18th largest position. Moss Adams Wealth Advisors LLC's holdings in Alphabet were worth $6,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in GOOGL. Lantz Financial LLC grew its holdings in shares of Alphabet by 10.8% during the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider's stock worth $842,000 after buying an additional 452 shares in the last quarter. Spectrum Wealth Advisory Group LLC acquired a new stake in shares of Alphabet in the second quarter valued at approximately $218,000. Vista Finance LLC acquired a new stake in shares of Alphabet in the second quarter valued at approximately $229,000. Wedbush Securities Inc. lifted its position in shares of Alphabet by 2.6% in the second quarter. Wedbush Securities Inc. now owns 212,308 shares of the information services provider's stock valued at $38,672,000 after buying an additional 5,458 shares during the last quarter. Finally, Choreo LLC lifted its position in shares of Alphabet by 128.0% in the second quarter. Choreo LLC now owns 263,144 shares of the information services provider's stock valued at $48,138,000 after buying an additional 147,747 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GOOGL shares. Bank of America reaffirmed a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Morgan Stanley raised their price objective on Alphabet from $205.00 to $215.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a research report on Wednesday, October 30th. JMP Securities reaffirmed a "market perform" rating on shares of Alphabet in a research report on Friday, January 10th. Finally, Pivotal Research raised their price objective on Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $208.67.

Alphabet Price Performance

GOOGL stock traded up $1.02 during midday trading on Wednesday, reaching $199.07. 9,974,715 shares of the stock were exchanged, compared to its average volume of 22,481,398. The stock has a market capitalization of $2.44 trillion, a PE ratio of 26.43, a P/E/G ratio of 1.26 and a beta of 0.98. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $202.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The company has a fifty day moving average price of $185.07 and a 200 day moving average price of $173.38.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the previous year, the company posted $1.55 EPS. As a group, analysts expect that Alphabet Inc. will post 8.03 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 1,367 shares of Alphabet stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the transaction, the chief accounting officer now directly owns 23,515 shares of the company's stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now directly owns 16,490 shares in the company, valued at $2,820,779.40. The trade was a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,387 shares of company stock valued at $24,368,654. 11.55% of the stock is currently owned by company insiders.

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.