Bouchey Financial Group Ltd Has $1.74 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Bouchey Financial Group Ltd raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,209 shares of the information services provider’s stock after purchasing an additional 999 shares during the period. Bouchey Financial Group Ltd’s holdings in Alphabet were worth $1,743,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Anchor Capital Advisors LLC grew its stake in Alphabet by 1.1% in the fourth quarter. Anchor Capital Advisors LLC now owns 7,747 shares of the information services provider’s stock valued at $1,467,000 after purchasing an additional 85 shares in the last quarter. Financial Security Advisor Inc. increased its holdings in shares of Alphabet by 7.7% during the fourth quarter. Financial Security Advisor Inc. now owns 39,055 shares of the information services provider’s stock worth $7,393,000 after buying an additional 2,794 shares in the last quarter. Hilltop Partners LLC grew its stake in shares of Alphabet by 11.5% in the fourth quarter. Hilltop Partners LLC now owns 12,790 shares of the information services provider’s stock worth $2,421,000 after purchasing an additional 1,324 shares during the last quarter. Sentinel Trust Co. LBA grew its holdings in Alphabet by 8.4% during the 4th quarter. Sentinel Trust Co. LBA now owns 6,925 shares of the information services provider’s stock worth $1,311,000 after acquiring an additional 534 shares during the period. Finally, Verus Capital Partners LLC grew its stake in shares of Alphabet by 3.5% in the 4th quarter. Verus Capital Partners LLC now owns 116,141 shares of the information services provider’s stock valued at $21,985,000 after buying an additional 3,905 shares during the period. Institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of recent analyst reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. Morgan Stanley decreased their price objective on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their target price on Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Citigroup reduced their price objective on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.62.

Alphabet Stock Performance

Shares of Alphabet stock opened at $162.76 on Friday. The stock’s fifty day moving average price is $186.22 and its 200-day moving average price is $176.39. Alphabet Inc. has a 12 month low of $140.03 and a 12 month high of $207.05. The firm has a market cap of $1.98 trillion, a P/E ratio of 20.22, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

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

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the transaction, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction on Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $4,085,531.55. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,882 shares of company stock valued at $17,934,130 in the last ninety days. 11.55% of the stock is currently owned by corporate insiders.

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.