Comprehensive Financial Planning Inc. PA Acquires New Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Comprehensive Financial Planning Inc. PA acquired a new position in Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,043 shares of the information services provider’s stock, valued at approximately $576,000.

A number of other hedge funds have also recently modified their holdings of GOOGL. Cliftonlarsonallen Wealth Advisors LLC lifted its position in shares of Alphabet by 27.4% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 22,355 shares of the information services provider’s stock valued at $3,708,000 after acquiring an additional 4,811 shares in the last quarter. Occidental Asset Management LLC raised its stake in Alphabet by 10.4% during the third quarter. Occidental Asset Management LLC now owns 5,787 shares of the information services provider’s stock valued at $960,000 after purchasing an additional 543 shares in the last quarter. Boomfish Wealth Group LLC lifted its holdings in shares of Alphabet by 4.8% in the 3rd quarter. Boomfish Wealth Group LLC now owns 2,167 shares of the information services provider’s stock valued at $359,000 after acquiring an additional 100 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. boosted its holdings in shares of Alphabet by 1.3% in the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 38,192 shares of the information services provider’s stock worth $6,380,000 after purchasing an additional 506 shares during the period. Finally, TTP Investments Inc. raised its stake in shares of Alphabet by 20.2% in the third quarter. TTP Investments Inc. now owns 17,704 shares of the information services provider’s stock valued at $2,936,000 after acquiring an additional 2,975 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 0.4 %

NASDAQ:GOOGL opened at $184.56 on Friday. The stock’s fifty day moving average is $192.67 and its two-hundred day moving average is $175.55. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $207.05. The stock has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly 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 net margin of 28.60% and a return on equity of 32.49%. Research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Alphabet’s payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of research analyst reports. Wolfe Research raised their price target on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $217.00 target price (up previously from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Truist Financial boosted their price objective on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price target on Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 2,824 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total transaction of $529,302.32. Following the completion of the sale, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at $2,815,948.32. This represents a 15.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,609 shares of company stock worth $21,809,990. 11.55% of the stock is currently owned by insiders.

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.