Stanich Group LLC Invests $225,000 in Alphabet Inc. (NASDAQ:GOOGL)

Stanich Group LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,187 shares of the information services provider’s stock, valued at approximately $225,000.

Other institutional investors have also modified their holdings of the company. MBE Wealth Management LLC increased its stake in Alphabet by 27.9% in the 3rd quarter. MBE Wealth Management LLC now owns 2,253 shares of the information services provider’s stock valued at $374,000 after buying an additional 492 shares during the last quarter. James Hambro & Partners LLP boosted its holdings in shares of Alphabet by 2.6% during the 3rd quarter. James Hambro & Partners LLP now owns 44,486 shares of the information services provider’s stock worth $7,381,000 after buying an additional 1,134 shares during the period. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd boosted its stake in Alphabet by 1,832.7% in the 3rd quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd now owns 198,879 shares of the information services provider’s stock valued at $32,983,000 after purchasing an additional 188,589 shares during the period. Kennedy Investment Group raised its stake in Alphabet by 4.0% in the 3rd quarter. Kennedy Investment Group now owns 6,713 shares of the information services provider’s stock worth $1,113,000 after purchasing an additional 256 shares in the last quarter. Finally, Little House Capital LLC lifted its position in shares of Alphabet by 15.9% during the 3rd quarter. Little House Capital LLC now owns 63,422 shares of the information services provider’s stock valued at $10,519,000 after acquiring an additional 8,706 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet 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 completion of the sale, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the transaction, the insider now owns 1,449,286 shares in the company, valued at $265,914,995.28. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,309 shares of company stock valued at $25,057,490. Company insiders own 11.55% of the company’s stock.

Alphabet Trading Up 1.1 %

Shares of GOOGL stock opened at $170.33 on Friday. The firm has a market cap of $2.08 trillion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The business has a 50-day moving average price of $190.58 and a two-hundred day moving average price of $176.11. 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 Inc. has a 12-month low of $130.66 and a 12-month high of $207.05.

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

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Analysts Set New Price Targets

Several analysts recently weighed in on GOOGL shares. KeyCorp raised their price objective on Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. cut their target price on Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 target price on shares of Alphabet in a research report on Wednesday, February 5th. Morgan Stanley decreased their target price on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Wolfe Research increased their target price on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus 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.