Kaufman Rossin Wealth LLC Invests $273,000 in Alphabet Inc. (NASDAQ:GOOGL)

Kaufman Rossin Wealth LLC bought a new position in Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, Holdings Channel reports. The firm bought 1,442 shares of the information services provider’s stock, valued at approximately $273,000.

Several other institutional investors and hedge funds have also modified their holdings of GOOGL. Foster & Motley Inc. lifted its position in Alphabet by 6.7% during the 4th quarter. Foster & Motley Inc. now owns 10,914 shares of the information services provider’s stock worth $2,066,000 after buying an additional 687 shares in the last quarter. VanderPol Investments L.L.C. increased its position in Alphabet by 11.6% in the fourth quarter. VanderPol Investments L.L.C. now owns 1,417 shares of the information services provider’s stock worth $268,000 after purchasing an additional 147 shares during the period. Ibex Wealth Advisors acquired a new stake in Alphabet in the fourth quarter worth about $12,238,000. Swedbank AB lifted its position in Alphabet by 1.4% during the 4th quarter. Swedbank AB now owns 8,503,828 shares of the information services provider’s stock valued at $1,609,775,000 after purchasing an additional 118,899 shares during the period. Finally, Allen Capital Group LLC boosted its stake in shares of Alphabet by 11.4% in the 4th quarter. Allen Capital Group LLC now owns 42,489 shares of the information services provider’s stock valued at $8,043,000 after purchasing an additional 4,363 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total value of $3,975,075.00. Following the completion of the sale, the chief executive officer now directly owns 2,061,806 shares of the company’s stock, valued at approximately $364,259,266.02. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,529 shares of company stock worth $16,600,078. 11.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on GOOGL. DZ Bank cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective on the stock. in a research note on Thursday. Stifel Nicolaus raised their target price on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 13th. BMO Capital Markets reissued an “outperform” rating and set a $217.00 price objective (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Finally, Bank of America restated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $210.62.

Alphabet Stock Up 0.1 %

Shares of GOOGL opened at $191.60 on Friday. The stock has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.31 and a beta of 0.99. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $207.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a fifty day moving average of $190.83 and a 200-day moving average of $174.52.

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 the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.02 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. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. Alphabet’s payout ratio is 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.