Pathway Financial Advisers LLC Has $885,000 Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Pathway Financial Advisers LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,676 shares of the information services provider’s stock after buying an additional 358 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Alphabet were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Investment Partners Asset Management Inc. raised its stake in Alphabet by 3.1% during the 4th quarter. Investment Partners Asset Management Inc. now owns 17,293 shares of the information services provider’s stock valued at $3,274,000 after purchasing an additional 512 shares during the last quarter. G&S Capital LLC raised its stake in Alphabet by 17.8% during the 4th quarter. G&S Capital LLC now owns 2,679 shares of the information services provider’s stock valued at $507,000 after purchasing an additional 404 shares during the last quarter. Avestar Capital LLC raised its stake in Alphabet by 5.2% during the 4th quarter. Avestar Capital LLC now owns 79,015 shares of the information services provider’s stock valued at $14,958,000 after purchasing an additional 3,930 shares during the last quarter. MGB Wealth Management LLC raised its stake in Alphabet by 5.2% during the 4th quarter. MGB Wealth Management LLC now owns 13,934 shares of the information services provider’s stock valued at $2,643,000 after purchasing an additional 683 shares during the last quarter. Finally, Morris Financial Concepts Inc. raised its stake in Alphabet by 9.1% during the 4th quarter. Morris Financial Concepts Inc. now owns 2,794 shares of the information services provider’s stock valued at $529,000 after purchasing an additional 233 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the sale, the director now directly owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,299 shares of company stock worth $25,055,751 in the last ninety days. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $179.25 on Tuesday. The company has a market cap of $2.19 trillion, a PE ratio of 22.27, a PEG ratio of 1.34 and a beta of 0.99. The company’s 50-day moving average is $192.12 and its two-hundred day moving average is $176.05. 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 Inc. has a 1 year low of $130.66 and a 1 year high of $207.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share 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 given a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. Alphabet’s dividend payout ratio is 9.94%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GOOGL shares. Bank of America reiterated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Citigroup lowered their price target on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Robert W. Baird reissued an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a report on Tuesday, December 10th. Finally, JMP Securities reissued a “market perform” rating on shares of Alphabet in a report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.