Syntegra Private Wealth Group LLC Increases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Syntegra Private Wealth Group LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,839 shares of the information services provider’s stock after acquiring an additional 323 shares during the period. Syntegra Private Wealth Group LLC’s holdings in Alphabet were worth $916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GOOGL. Foguth Wealth Management LLC. increased its stake in Alphabet by 42.0% in the 4th quarter. Foguth Wealth Management LLC. now owns 2,139 shares of the information services provider’s stock worth $428,000 after acquiring an additional 633 shares during the last quarter. Econ Financial Services Corp bought a new position in shares of Alphabet in the fourth quarter worth approximately $1,167,000. Vestia Personal Wealth Advisors raised its stake in Alphabet by 74.4% in the fourth quarter. Vestia Personal Wealth Advisors now owns 3,096 shares of the information services provider’s stock valued at $586,000 after purchasing an additional 1,321 shares in the last quarter. Tectonic Advisors LLC lifted its position in Alphabet by 8.0% during the fourth quarter. Tectonic Advisors LLC now owns 8,660 shares of the information services provider’s stock valued at $1,639,000 after purchasing an additional 641 shares during the last quarter. Finally, Money Concepts Capital Corp grew its stake in Alphabet by 3.4% in the 4th quarter. Money Concepts Capital Corp now owns 8,498 shares of the information services provider’s stock worth $1,609,000 after buying an additional 281 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on GOOGL. Evercore ISI lifted their price objective on shares of Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Loop Capital upped their price objective on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Wedbush raised their price objective on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Stifel Nicolaus upped their target price on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Morgan Stanley lowered their price objective on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $210.62.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the sale, the director now owns 23,324 shares of the company’s stock, valued at approximately $4,529,987.28. This represents a 6.04 % decrease in their ownership of the stock. 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 ninety days. 11.55% of the stock is currently owned by company insiders.

Alphabet Trading Down 0.5 %

Alphabet stock opened at $185.23 on Friday. Alphabet Inc. has a one year low of $130.66 and a one year high of $207.05. The business’s fifty day moving average is $192.85 and its 200 day moving average is $175.14. The stock has a market capitalization of $2.27 trillion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, sell-side analysts predict that Alphabet Inc. will post 8.91 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. 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 presently 9.94%.

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.