Financial Perspectives Inc Boosts Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Financial Perspectives Inc grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 33.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,954 shares of the information services provider’s stock after acquiring an additional 988 shares during the quarter. Financial Perspectives Inc’s holdings in Alphabet were worth $749,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. TFG Advisers LLC increased its stake in shares of Alphabet by 3.2% in the third quarter. TFG Advisers LLC now owns 23,569 shares of the information services provider’s stock worth $3,909,000 after buying an additional 740 shares during the period. Altus Wealth Group LLC increased its stake in shares of Alphabet by 1.9% in the third quarter. Altus Wealth Group LLC now owns 13,736 shares of the information services provider’s stock worth $2,278,000 after buying an additional 254 shares during the period. Litman Gregory Wealth Management LLC increased its stake in shares of Alphabet by 4.9% in the third quarter. Litman Gregory Wealth Management LLC now owns 62,783 shares of the information services provider’s stock worth $10,413,000 after buying an additional 2,930 shares during the period. Sterling Investment Counsel LLC increased its stake in shares of Alphabet by 5.4% in the third quarter. Sterling Investment Counsel LLC now owns 33,002 shares of the information services provider’s stock worth $5,473,000 after buying an additional 1,703 shares during the period. Finally, Detalus Advisors LLC increased its stake in shares of Alphabet by 4.5% in the third quarter. Detalus Advisors LLC now owns 10,811 shares of the information services provider’s stock worth $1,793,000 after buying an additional 464 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 1,374 shares of the business’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 completion of the transaction, the chief accounting officer now owns 15,024 shares of the company’s stock, valued at approximately $2,606,213.28. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares of the company’s stock, valued at $8,471,620.22. The trade was a 27.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,316 shares of company stock valued at $25,062,887. 11.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GOOGL shares. Loop Capital lifted their target price on shares of Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut their price target on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Cantor Fitzgerald cut their price target on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Morgan Stanley cut their price target on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, DA Davidson lifted their price target on shares of Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $167.01 on Tuesday. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The business has a 50-day simple moving average of $190.02 and a two-hundred day simple moving average of $176.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap 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.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. On average, analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Monday, March 10th. 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.