Alliance Wealth Advisors LLC UT Purchases 2,258 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Alliance Wealth Advisors LLC UT raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,455 shares of the information services provider’s stock after acquiring an additional 2,258 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Alphabet were worth $2,926,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. F&V Capital Management LLC bought a new position in shares of Alphabet during the fourth quarter valued at approximately $263,000. Vantage Point Financial LLC bought a new stake in Alphabet in the fourth quarter valued at $686,000. Fourpath Capital Management LLC increased its position in Alphabet by 1.5% during the 4th quarter. Fourpath Capital Management LLC now owns 4,112 shares of the information services provider’s stock valued at $778,000 after purchasing an additional 59 shares during the period. GDS Wealth Management raised its holdings in Alphabet by 2.8% in the 4th quarter. GDS Wealth Management now owns 117,294 shares of the information services provider’s stock worth $22,204,000 after purchasing an additional 3,238 shares in the last quarter. Finally, Holistic Planning LLC lifted its position in shares of Alphabet by 1.3% in the 4th quarter. Holistic Planning LLC now owns 11,035 shares of the information services provider’s stock worth $2,089,000 after purchasing an additional 140 shares during the period. 40.03% of the stock is owned by institutional investors.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’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 transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,529 shares of company stock worth $16,600,078 over the last quarter. Insiders own 11.55% of the company’s stock.

Alphabet Trading Down 0.9 %

Shares of GOOGL stock opened at $183.61 on Thursday. The stock has a fifty day simple moving average of $192.18 and a two-hundred day simple moving average of $174.89. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $207.05. The firm has a market capitalization of $2.25 trillion, a PE ratio of 22.81, a PEG ratio of 1.39 and a beta of 0.99. 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 (NASDAQ:GOOGL) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, analysts predict that Alphabet Inc. will post 8.91 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GOOGL. Roth Mkm boosted their price target on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Cantor Fitzgerald cut their price objective on Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Sanford C. Bernstein increased their target price on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reduced their price target on Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Ten equities research 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. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.62.

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.