Kaufman Rossin Wealth LLC Acquires Shares of 1,442 Alphabet Inc. (NASDAQ:GOOGL)

Kaufman Rossin Wealth LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,442 shares of the information services provider’s stock, valued at approximately $273,000.

Other hedge funds also recently added to or reduced their stakes in the company. Foster & Motley Inc. increased its holdings in shares of Alphabet by 6.7% in the 4th quarter. Foster & Motley Inc. now owns 10,914 shares of the information services provider’s stock valued at $2,066,000 after acquiring an additional 687 shares during the last quarter. VanderPol Investments L.L.C. raised its position in shares of Alphabet by 11.6% during the 4th 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 bought a new stake in shares of Alphabet in the 4th quarter worth approximately $12,238,000. Swedbank AB lifted its stake in Alphabet by 1.4% in the fourth quarter. Swedbank AB now owns 8,503,828 shares of the information services provider’s stock valued at $1,609,775,000 after buying an additional 118,899 shares during the last quarter. Finally, Allen Capital Group LLC boosted its holdings in shares of Alphabet by 11.4% during the fourth quarter. Allen Capital Group LLC now owns 42,489 shares of the information services provider’s stock valued at $8,043,000 after acquiring an additional 4,363 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Monday, January 13th. The shares were sold at an average price of $189.80, for a total transaction of $284,700.00. Following the sale, the director now owns 21,824 shares in the company, valued at $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,529 shares of company stock valued at $16,600,078 in the last 90 days. 11.55% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $191.60 on Friday. The business has a 50-day moving average of $190.83 and a two-hundred day moving average of $174.52. 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 Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The stock has a market capitalization of $2.35 trillion, a P/E ratio of 25.41, a P/E/G ratio of 1.31 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data 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 net margin of 27.74% and a return on equity of 31.66%. On average, equities research analysts predict that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. 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 dividend payout ratio is presently 9.94%.

Analysts Set New Price Targets

A number of research analysts have issued reports on GOOGL shares. Morgan Stanley reduced their target price on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Robert W. Baird reiterated an “outperform” rating and issued a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Bank of America reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Finally, Royal Bank of Canada lifted their target price on Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.62.

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.