Trilogy Capital Inc. Buys 2,146 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Trilogy Capital Inc. grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,429 shares of the information services provider’s stock after purchasing an additional 2,146 shares during the quarter. Trilogy Capital Inc.’s holdings in Alphabet were worth $3,489,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Meadow Creek Wealth Advisors LLC boosted its holdings in Alphabet by 3.7% in the 4th quarter. Meadow Creek Wealth Advisors LLC now owns 8,954 shares of the information services provider’s stock valued at $1,695,000 after purchasing an additional 323 shares during the period. Onyx Bridge Wealth Group LLC raised its position in shares of Alphabet by 8.0% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 16,612 shares of the information services provider’s stock valued at $3,145,000 after buying an additional 1,228 shares in the last quarter. Tyche Wealth Partners LLC boosted its stake in shares of Alphabet by 7.2% in the fourth quarter. Tyche Wealth Partners LLC now owns 19,101 shares of the information services provider’s stock valued at $3,616,000 after buying an additional 1,284 shares during the period. Summit Wealth Partners LLC acquired a new stake in Alphabet during the fourth quarter worth approximately $307,000. Finally, Vanderbilt University increased its stake in Alphabet by 2.5% during the 4th quarter. Vanderbilt University now owns 31,585 shares of the information services provider’s stock worth $5,979,000 after acquiring an additional 773 shares during the period. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Royal Bank of Canada increased 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. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Citigroup cut their price target on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. BMO Capital Markets reissued an “outperform” rating and issued a $217.00 price objective (up from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 target price on shares of Alphabet in a report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Alphabet Price Performance

Shares of GOOGL opened at $185.23 on Friday. The firm has a market cap 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. 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 0.03, a quick ratio of 1.95 and a current ratio of 1.84. The business’s 50 day moving average price is $192.85 and its two-hundred day moving average price is $175.14.

Alphabet (NASDAQ:GOOGL) last issued 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 net margin of 28.60% and a return on equity of 32.49%. On average, equities analysts anticipate that Alphabet Inc. will post 8.91 EPS for the current year.

Alphabet Dividend Announcement

The company 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 dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total transaction of $3,975,075.00. Following the completion of the transaction, the chief executive officer now directly owns 2,061,806 shares in the company, valued at $364,259,266.02. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the sale, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,529 shares of company stock worth $16,600,078. Corporate insiders own 11.55% of the company’s stock.

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.