Wagner Wealth Management LLC Has $170,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

Wagner Wealth Management LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 899 shares of the information services provider’s stock after buying an additional 80 shares during the period. Wagner Wealth Management LLC’s holdings in Alphabet were worth $170,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cliftonlarsonallen Wealth Advisors LLC grew its position in Alphabet by 27.4% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 22,355 shares of the information services provider’s stock worth $3,708,000 after purchasing an additional 4,811 shares in the last quarter. Occidental Asset Management LLC grew its holdings in shares of Alphabet by 10.4% in the third quarter. Occidental Asset Management LLC now owns 5,787 shares of the information services provider’s stock valued at $960,000 after acquiring an additional 543 shares in the last quarter. Boomfish Wealth Group LLC grew its holdings in shares of Alphabet by 4.8% in the third 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 in the last quarter. Arkfeld Wealth Strategies L.L.C. increased its position in shares of Alphabet by 1.3% during the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 38,192 shares of the information services provider’s stock valued at $6,380,000 after acquiring an additional 506 shares during the last quarter. Finally, TTP Investments Inc. lifted its holdings in Alphabet by 20.2% during the third quarter. TTP Investments Inc. now owns 17,704 shares of the information services provider’s stock worth $2,936,000 after acquiring an additional 2,975 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Down 0.4 %

GOOGL opened at $184.56 on Friday. The business’s fifty day simple moving average is $192.67 and its 200 day simple moving average is $175.55. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.25 trillion, a PE ratio of 22.93, a P/E/G ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared 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. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GOOGL. Royal Bank of Canada upped their price objective on Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price target on shares of Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Bank of America reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. China Renaissance raised shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Pivotal Research raised their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $210.62.

Insider Transactions at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the sale, the director now owns 282,832 shares of the company’s stock, valued at $52,329,576.64. This represents a 11.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,609 shares of company stock worth $21,809,990. 11.55% of the stock is currently owned by insiders.

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.