55,052 Shares in Alphabet Inc. (NASDAQ:GOOGL) Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 55,052 shares of the information services provider’s stock, valued at approximately $10,421,000. Alphabet accounts for about 1.6% of Golden State Wealth Management LLC’s portfolio, making the stock its 13th biggest position.

Other large investors also recently added to or reduced their stakes in the company. Centerline Wealth Advisors LLC bought a new stake in Alphabet in the fourth quarter worth $218,000. FFG Partners LLC lifted its stake in Alphabet by 0.8% in the fourth quarter. FFG Partners LLC now owns 78,269 shares of the information services provider’s stock worth $14,816,000 after acquiring an additional 627 shares during the period. SMART Wealth LLC increased its holdings in Alphabet by 178.1% during the fourth quarter. SMART Wealth LLC now owns 7,702 shares of the information services provider’s stock valued at $1,458,000 after buying an additional 4,932 shares during the period. Lodestar Private Asset Management LLC raised its position in shares of Alphabet by 3.4% in the 4th quarter. Lodestar Private Asset Management LLC now owns 9,881 shares of the information services provider’s stock worth $1,870,000 after acquiring an additional 327 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its position in shares of Alphabet by 2.2% during the fourth quarter. Global X Japan Co. Ltd. now owns 155,940 shares of the information services provider’s stock valued at $29,519,000 after buying an additional 3,385 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Shares of Alphabet stock opened at $185.23 on Tuesday. The firm’s 50-day simple moving average is $192.85 and its 200-day simple moving average is $175.20. 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 firm has a market cap of $2.27 trillion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $207.05.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. As a group, research analysts expect that Alphabet Inc. will post 8.91 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the transaction, the insider now directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 2,061,806 shares of the company’s stock, valued at approximately $364,259,266.02. The trade was a 1.08 % 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 valued at $16,600,078. 11.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank of Canada increased their price target on Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Roth Mkm raised their target price on Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JMP Securities restated a “market perform” rating on shares of Alphabet in a research report on Wednesday, February 5th. Morgan Stanley reduced their target price on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Alphabet Company 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.