LMG Wealth Partners LLC Has $2.10 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

LMG Wealth Partners LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,112 shares of the information services provider’s stock after buying an additional 569 shares during the quarter. LMG Wealth Partners LLC’s holdings in Alphabet were worth $2,104,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dixon Fnancial Services Inc. raised its position in shares of Alphabet by 18.6% in the third quarter. Dixon Fnancial Services Inc. now owns 2,037 shares of the information services provider’s stock valued at $338,000 after purchasing an additional 320 shares during the period. Keene & Associates Inc. raised its holdings in Alphabet by 4.2% in the 3rd quarter. Keene & Associates Inc. now owns 3,549 shares of the information services provider’s stock valued at $589,000 after acquiring an additional 143 shares during the period. Beese Fulmer Investment Management Inc. boosted its stake in Alphabet by 1.2% in the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 145,796 shares of the information services provider’s stock valued at $24,180,000 after purchasing an additional 1,745 shares during the period. Greystone Financial Group LLC raised its stake in Alphabet by 9.5% in the 3rd quarter. Greystone Financial Group LLC now owns 14,683 shares of the information services provider’s stock worth $2,435,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Grassi Investment Management boosted its stake in shares of Alphabet by 2.9% in the third quarter. Grassi Investment Management now owns 55,545 shares of the information services provider’s stock valued at $9,212,000 after buying an additional 1,555 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush increased their price target on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Wolfe Research boosted their price objective on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Cantor Fitzgerald dropped their target price on Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. Finally, Piper Sandler reduced their price target on Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $210.62.

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 37,134 shares of the business’s 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the sale, the director now owns 23,324 shares in the company, valued at $4,529,987.28. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,316 shares of company stock worth $25,062,887 in the last three months. Corporate insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $170.92 on Wednesday. The firm has a market cap of $2.08 trillion, a PE ratio of 21.23, a P/E/G ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a 1-year low of $130.66 and a 1-year 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. The firm has a fifty day simple moving average of $189.52 and a two-hundred day simple moving average of $176.41.

Alphabet (NASDAQ:GOOGL) last posted 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%. On average, equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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

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.