Compass Advisory Group LLC Purchases Shares of 1,062 Alphabet Inc. (NASDAQ:GOOGL)

Compass Advisory Group LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,062 shares of the information services provider’s stock, valued at approximately $201,000.

Several other institutional investors have also recently modified their holdings of GOOGL. Czech National Bank grew its position in Alphabet by 6.6% during the 3rd quarter. Czech National Bank now owns 1,193,541 shares of the information services provider’s stock worth $197,949,000 after purchasing an additional 74,225 shares during the period. Marotta Asset Management boosted its stake in shares of Alphabet by 25.0% in the third quarter. Marotta Asset Management now owns 2,724 shares of the information services provider’s stock worth $452,000 after buying an additional 545 shares during the last quarter. Canandaigua National Bank & Trust Co. grew its holdings in Alphabet by 1.4% during the third quarter. Canandaigua National Bank & Trust Co. now owns 23,766 shares of the information services provider’s stock worth $3,942,000 after acquiring an additional 322 shares during the period. Trinity Financial Advisors LLC raised its position in Alphabet by 4.5% during the third quarter. Trinity Financial Advisors LLC now owns 4,423 shares of the information services provider’s stock valued at $771,000 after acquiring an additional 190 shares in the last quarter. Finally, Wiser Wealth Management Inc lifted its holdings in Alphabet by 4.5% in the third quarter. Wiser Wealth Management Inc now owns 2,907 shares of the information services provider’s stock valued at $482,000 after acquiring an additional 125 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. Bank of America restated a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. Piper Sandler decreased their price objective on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. DZ Bank lowered Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target for the company. in a research note on Thursday, February 6th. Finally, Truist Financial increased their price target on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total value of $3,975,075.00. Following the sale, the chief executive officer now owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 89,529 shares of company stock valued at $16,600,078. Company insiders own 11.55% of the company’s stock.

Alphabet Trading Up 0.6 %

GOOGL opened at $186.47 on Tuesday. The stock has a market capitalization of $2.28 trillion, a PE ratio of 23.16, a P/E/G ratio of 1.39 and a beta of 0.99. Alphabet Inc. has a one year low of $130.66 and a one year high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.95 and a current ratio of 1.84. The business’s 50 day moving average price is $191.61 and its 200 day moving average price is $174.63.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. As a group, equities research analysts expect that Alphabet Inc. will post 8.91 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. 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.