Vaughan David Investments LLC IL Buys 235,583 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Vaughan David Investments LLC IL increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 4,883.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,407 shares of the information services provider’s stock after purchasing an additional 235,583 shares during the period. Vaughan David Investments LLC IL’s holdings in Alphabet were worth $45,509,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FourThought Financial Partners LLC boosted its stake in Alphabet by 15.4% in the 4th quarter. FourThought Financial Partners LLC now owns 74,737 shares of the information services provider’s stock worth $14,148,000 after purchasing an additional 9,950 shares during the period. Twin Peaks Wealth Advisors LLC boosted its stake in Alphabet by 0.9% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 10,361 shares of the information services provider’s stock worth $1,961,000 after purchasing an additional 96 shares during the period. EdgeRock Capital LLC boosted its stake in Alphabet by 13.4% in the 4th quarter. EdgeRock Capital LLC now owns 7,258 shares of the information services provider’s stock worth $1,374,000 after purchasing an additional 859 shares during the period. Sierra Capital LLC boosted its stake in Alphabet by 1.0% in the 4th quarter. Sierra Capital LLC now owns 46,719 shares of the information services provider’s stock worth $8,844,000 after purchasing an additional 445 shares during the period. Finally, Synergy Financial Group LTD boosted its stake in Alphabet by 7.4% in the 4th quarter. Synergy Financial Group LTD now owns 5,215 shares of the information services provider’s stock worth $987,000 after purchasing an additional 359 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL stock opened at $165.87 on Tuesday. The company has a 50 day moving average price of $187.71 and a 200-day moving average price of $176.56. Alphabet Inc. has a 52 week low of $136.13 and a 52 week high of $207.05. The firm has a market capitalization of $2.02 trillion, a PE ratio of 20.60, a P/E/G ratio of 1.34 and a beta of 1.02. 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 (NASDAQ:GOOGL) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the sale, the director now owns 23,324 shares in the company, valued at approximately $4,529,987.28. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,182 shares of company stock valued at $18,192,354. 11.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wedbush boosted their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. DZ Bank cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target on the stock. in a research report on Thursday, February 6th. Bank of America reaffirmed a “buy” rating and issued a $210.00 target price on shares of Alphabet in a report on Monday, December 23rd. Wolfe Research upped 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. Finally, Cantor Fitzgerald dropped their target price 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. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $210.62.

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.