Alphabet Inc. (NASDAQ:GOOGL) Position Raised by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,019,028 shares of the information services provider’s stock after purchasing an additional 20,023 shares during the quarter. Alphabet comprises approximately 1.7% of Steward Partners Investment Advisory LLC’s portfolio, making the stock its 7th biggest holding. Steward Partners Investment Advisory LLC’s holdings in Alphabet were worth $192,902,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Pettinga Financial Advisors LLC grew its holdings in Alphabet by 10.1% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock valued at $363,000 after buying an additional 201 shares in the last quarter. BSW Wealth Partners boosted its position in shares of Alphabet by 11.3% in the third quarter. BSW Wealth Partners now owns 22,388 shares of the information services provider’s stock valued at $3,713,000 after acquiring an additional 2,281 shares during the period. TrueWealth Advisors LLC grew its stake in Alphabet by 16.0% during the third quarter. TrueWealth Advisors LLC now owns 4,955 shares of the information services provider’s stock valued at $822,000 after acquiring an additional 685 shares in the last quarter. Lansing Street Advisors increased its holdings in Alphabet by 1.4% during the 3rd quarter. Lansing Street Advisors now owns 8,388 shares of the information services provider’s stock worth $1,391,000 after acquiring an additional 114 shares during the period. Finally, Blue Square Asset Management LLC lifted its stake in Alphabet by 4.5% in the 3rd quarter. Blue Square Asset Management LLC now owns 23,403 shares of the information services provider’s stock worth $3,881,000 after purchasing an additional 1,001 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company boosted their price target on shares of Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Piper Sandler reduced their target price on Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Alphabet in a research note on Wednesday, February 5th. KeyCorp lifted their price target on Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Finally, Robert W. Baird restated an “outperform” rating and issued a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $210.62.

Insiders Place Their Bets

In other news, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the transaction, the director now directly owns 272,466 shares in the company, valued at approximately $50,376,238.74. This trade represents a 9.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,048 shares of company stock worth $17,374,274. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

GOOGL opened at $165.49 on Monday. The stock’s 50 day moving average price is $185.70 and its 200-day moving average price is $176.56. Alphabet Inc. has a 52-week low of $140.03 and a 52-week high of $207.05. The stock has a market capitalization of $2.02 trillion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping 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 predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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

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.