Financial Advisors LLC Has $1.27 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Financial Advisors LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.5% during the 4th quarter, HoldingsChannel reports. The firm owned 6,702 shares of the information services provider’s stock after selling 700 shares during the period. Alphabet comprises 0.2% of Financial Advisors LLC’s investment portfolio, making the stock its 25th largest position. Financial Advisors LLC’s holdings in Alphabet were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Conrad Siegel Investment Advisors Inc. lifted its holdings in shares of Alphabet by 0.5% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider’s stock worth $1,864,000 after purchasing an additional 53 shares in the last quarter. Denver PWM LLC raised its position in Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after buying an additional 57 shares during the last quarter. Ignite Planners LLC grew its stake in shares of Alphabet by 0.4% in the 4th quarter. Ignite Planners LLC now owns 15,078 shares of the information services provider’s stock worth $2,892,000 after acquiring an additional 57 shares in the last quarter. Fermata Advisors LLC boosted its holdings in Alphabet by 0.8% during the fourth quarter. Fermata Advisors LLC now owns 7,433 shares of the information services provider’s stock worth $1,407,000 after purchasing an additional 57 shares during the last quarter. Finally, Winch Advisory Services LLC grew its position in Alphabet by 1.3% in the 4th quarter. Winch Advisory Services LLC now owns 4,386 shares of the information services provider’s stock worth $830,000 after purchasing an additional 58 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the transaction, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the sale, the director now owns 21,824 shares in the company, valued at $4,142,195.20. This represents a 6.43 % decrease in their ownership of the stock. 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 over the last three months. Corporate insiders own 11.55% of the company’s stock.

Alphabet Trading Up 1.0 %

GOOGL opened at $198.05 on Wednesday. The firm has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.26 and a beta of 0.98. Alphabet Inc. has a one year low of $130.66 and a one year high of $202.29. The business has a 50 day simple moving average of $184.74 and a two-hundred day simple moving average of $173.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during 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 last year, the firm posted $1.55 earnings per share. Analysts predict that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GOOGL. Wells Fargo & Company upped their target price on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Roth Mkm upped their price objective on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research note on Friday, January 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Thursday, December 12th. Finally, Loop Capital raised their price target on shares of Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $208.15.

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.