Bravias Capital Group LLC Invests $223,000 in Alphabet Inc. (NASDAQ:GOOGL)

Bravias Capital Group LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,095 shares of the information services provider’s stock, valued at approximately $223,000.

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

Alphabet Price Performance

Shares of Alphabet stock opened at $165.49 on Monday. The firm has a market cap of $2.02 trillion, a PE ratio of 20.56, a P/E/G ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a twelve month low of $140.03 and a twelve month high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $185.70 and a 200 day moving average price of $176.56.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS 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%. Sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed 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 payout ratio is 9.94%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GOOGL shares. Wedbush lifted their price objective 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. KeyCorp lifted their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Bank of America reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. DA Davidson boosted their target price on Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Finally, JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Insider Activity

In other news, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,368 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $3,961,445.55. The trade was a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,048 shares of company stock worth $17,374,274 over the last 90 days. 11.55% of the stock is currently owned by company insiders.

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.