Bogart Wealth LLC Has $23.86 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Bogart Wealth LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 14.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 126,026 shares of the information services provider’s stock after acquiring an additional 15,622 shares during the quarter. Alphabet makes up about 1.1% of Bogart Wealth LLC’s portfolio, making the stock its 20th biggest holding. Bogart Wealth LLC’s holdings in Alphabet were worth $23,857,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Drake & Associates LLC grew its holdings in Alphabet by 43.1% in the 3rd quarter. Drake & Associates LLC now owns 4,411 shares of the information services provider’s stock valued at $732,000 after buying an additional 1,328 shares in the last quarter. Vista Investment Partners LLC grew its holdings in shares of Alphabet by 0.8% during the 3rd quarter. Vista Investment Partners LLC now owns 8,213 shares of the information services provider’s stock worth $1,362,000 after purchasing an additional 65 shares in the last quarter. TruWealth Advisors LLC grew its holdings in shares of Alphabet by 0.6% during the 3rd quarter. TruWealth Advisors LLC now owns 14,593 shares of the information services provider’s stock worth $2,420,000 after purchasing an additional 81 shares in the last quarter. NatWest Group plc grew its holdings in shares of Alphabet by 24.4% during the 3rd quarter. NatWest Group plc now owns 93,419 shares of the information services provider’s stock worth $15,494,000 after purchasing an additional 18,337 shares in the last quarter. Finally, Strid Group LLC acquired a new stake in shares of Alphabet during the 3rd quarter worth $180,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the sale, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,299 shares of company stock worth $25,055,751 over the last ninety days. 11.55% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of Alphabet stock opened at $179.25 on Tuesday. The business’s fifty day simple moving average is $192.12 and its 200 day simple moving average is $176.05. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 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, 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. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. Alphabet’s payout ratio is presently 9.94%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GOOGL. Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Alphabet in a report on Wednesday, February 5th. Roth Mkm increased 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. Cantor Fitzgerald reduced their target price on Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Robert W. Baird reissued an “outperform” rating and set a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Finally, JMP Securities restated a “market perform” rating on shares of Alphabet in a research report on Wednesday, February 5th. Ten investment 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 stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.62.

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.