Alphabet Inc. (NASDAQ:GOOGL) is RDA Financial Network's 7th Largest Position

RDA Financial Network boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,795 shares of the information services provider's stock after acquiring an additional 2,186 shares during the quarter. Alphabet accounts for approximately 2.7% of RDA Financial Network's investment portfolio, making the stock its 7th biggest position. RDA Financial Network's holdings in Alphabet were worth $9,426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. First Pacific Financial boosted its stake in shares of Alphabet by 123.8% in the 4th quarter. First Pacific Financial now owns 2,840 shares of the information services provider's stock valued at $538,000 after buying an additional 1,571 shares during the period. Goldstone Financial Group LLC raised its position in shares of Alphabet by 11.6% during the 4th quarter. Goldstone Financial Group LLC now owns 8,888 shares of the information services provider's stock worth $1,682,000 after acquiring an additional 923 shares in the last quarter. Channel Wealth LLC raised its position in shares of Alphabet by 1.8% during the 4th quarter. Channel Wealth LLC now owns 9,869 shares of the information services provider's stock worth $1,868,000 after acquiring an additional 170 shares in the last quarter. Capital Planning LLC raised its position in shares of Alphabet by 34.3% during the 4th quarter. Capital Planning LLC now owns 4,383 shares of the information services provider's stock worth $830,000 after acquiring an additional 1,119 shares in the last quarter. Finally, KMG Fiduciary Partners LLC raised its position in shares of Alphabet by 1.3% during the 4th quarter. KMG Fiduciary Partners LLC now owns 179,866 shares of the information services provider's stock worth $34,049,000 after acquiring an additional 2,334 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOOGL has been the topic of several research analyst reports. Pivotal Research raised their target price on Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Bank of America reaffirmed a "buy" rating and set a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Wedbush lifted their price target on Alphabet from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company lifted their price target on Alphabet from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Nine research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $208.15.

Alphabet Stock Performance

NASDAQ:GOOGL traded up $3.09 during trading hours on Monday, reaching $196.00. 27,621,897 shares of the stock were exchanged, compared to its average volume of 23,105,888. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a 50 day simple moving average of $184.43 and a 200-day simple moving average of $173.25. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $201.42. The stock has a market capitalization of $2.40 trillion, a P/E ratio of 25.99, a P/E/G ratio of 1.22 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. During the same period last year, the firm earned $1.55 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet's dividend payout ratio is presently 10.61%.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now owns 282,832 shares of the company's stock, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 441 shares of the firm's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now directly owns 16,490 shares of the company's stock, valued at approximately $2,820,779.40. This trade represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock valued at $24,368,654 in the last three months. 11.55% of the stock is currently owned by corporate insiders.

About Alphabet

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.