CogentBlue Wealth Advisors LLC Acquires Shares of 2,341 Alphabet Inc. (NASDAQ:GOOGL)

CogentBlue Wealth Advisors LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,341 shares of the information services provider’s stock, valued at approximately $443,000.

Other large investors also recently bought and sold shares of the company. TFG Advisers LLC boosted its stake in shares of Alphabet by 3.2% during the 3rd quarter. TFG Advisers LLC now owns 23,569 shares of the information services provider’s stock valued at $3,909,000 after buying an additional 740 shares during the last quarter. Altus Wealth Group LLC boosted its stake in shares of Alphabet by 1.9% during the 3rd quarter. Altus Wealth Group LLC now owns 13,736 shares of the information services provider’s stock valued at $2,278,000 after buying an additional 254 shares during the last quarter. Litman Gregory Wealth Management LLC boosted its stake in shares of Alphabet by 4.9% during the 3rd quarter. Litman Gregory Wealth Management LLC now owns 62,783 shares of the information services provider’s stock valued at $10,413,000 after buying an additional 2,930 shares during the last quarter. Sterling Investment Counsel LLC boosted its stake in shares of Alphabet by 5.4% during the 3rd quarter. Sterling Investment Counsel LLC now owns 33,002 shares of the information services provider’s stock valued at $5,473,000 after buying an additional 1,703 shares during the last quarter. Finally, Detalus Advisors LLC boosted its stake in shares of Alphabet by 4.5% during the 3rd quarter. Detalus Advisors LLC now owns 10,811 shares of the information services provider’s stock valued at $1,793,000 after buying an additional 464 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was 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 directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,374 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the sale, the chief accounting officer now owns 15,024 shares of the company’s stock, valued at $2,606,213.28. The trade was a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,316 shares of company stock worth $25,062,887 in the last quarter. 11.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on GOOGL. Wedbush increased their target price on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Wells Fargo & Company increased their target price on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Morgan Stanley reduced their price objective on Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $210.62.

Alphabet Trading Down 1.9 %

NASDAQ:GOOGL opened at $167.01 on Tuesday. 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 1-year low of $130.66 and a 1-year high of $207.05. The firm has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The stock has a fifty day simple moving average of $190.02 and a 200 day simple moving average of $176.35.

Alphabet (NASDAQ:GOOGL) last released 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 return on equity of 32.49% and a net margin of 28.60%. Sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business 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 0.48%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Alphabet 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.