GPS Wealth Strategies Group LLC Sells 227 Shares of Alphabet Inc. (NASDAQ:GOOGL)

GPS Wealth Strategies Group LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,310 shares of the information services provider’s stock after selling 227 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Alphabet were worth $4,602,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GOOGL. Czech National Bank boosted 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 valued at $197,949,000 after acquiring an additional 74,225 shares in the last quarter. Eclectic Associates Inc. ADV lifted its stake in shares of Alphabet by 16.2% during the 3rd quarter. Eclectic Associates Inc. ADV now owns 1,539 shares of the information services provider’s stock worth $255,000 after purchasing an additional 215 shares during the last quarter. Central Valley Advisors LLC boosted its position in Alphabet by 4.4% during the third quarter. Central Valley Advisors LLC now owns 19,110 shares of the information services provider’s stock valued at $3,170,000 after purchasing an additional 808 shares in the last quarter. Trivant Custom Portfolio Group LLC grew its stake in Alphabet by 0.4% in the third quarter. Trivant Custom Portfolio Group LLC now owns 31,544 shares of the information services provider’s stock valued at $5,232,000 after purchasing an additional 134 shares during the last quarter. Finally, Quent Capital LLC raised its holdings in Alphabet by 3.0% in the third quarter. Quent Capital LLC now owns 32,954 shares of the information services provider’s stock worth $5,458,000 after purchasing an additional 969 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now directly owns 23,515 shares in the company, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 2,061,806 shares of the company’s stock, valued at $364,259,266.02. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,529 shares of company stock valued at $16,600,078. 11.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GOOGL shares. Evercore ISI raised their price target on shares of Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JMP Securities restated a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Thursday, December 12th. Wells Fargo & Company raised their price objective on Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, Truist Financial upped their target price on Alphabet from $220.00 to $225.00 and gave the company 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 issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Alphabet Trading Down 0.6 %

Shares of Alphabet stock opened at $185.32 on Wednesday. The firm has a 50-day simple moving average of $191.90 and a two-hundred day simple moving average of $174.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.95 and a current ratio of 1.84. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The company has a market cap of $2.27 trillion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99.

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 analysts predict that Alphabet Inc. will post 8.91 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. Alphabet’s dividend payout ratio is currently 9.94%.

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.