Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,919 shares of the information services provider’s stock after buying an additional 72 shares during the period. Alphabet comprises approximately 1.8% of Kapstone Financial Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Kapstone Financial Advisors LLC’s holdings in Alphabet were worth $3,306,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI grew its stake in shares of Alphabet by 3.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,509,290 shares of the information services provider’s stock worth $285,709,000 after purchasing an additional 56,977 shares during the last quarter. Synergy Investment Management LLC bought a new stake in shares of Alphabet in the fourth quarter worth $297,000. Pinion Investment Advisors LLC grew its stake in shares of Alphabet by 3.9% in the fourth quarter. Pinion Investment Advisors LLC now owns 16,712 shares of the information services provider’s stock worth $3,164,000 after purchasing an additional 623 shares during the last quarter. Burt Wealth Advisors grew its stake in shares of Alphabet by 1.0% in the fourth quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider’s stock worth $1,005,000 after purchasing an additional 54 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Alphabet by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 38,451,718 shares of the information services provider’s stock worth $7,278,910,000 after purchasing an additional 1,218,639 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 0.7 %

Alphabet stock opened at $164.29 on Tuesday. Alphabet Inc. has a twelve month low of $146.08 and a twelve month high of $207.05. The firm has a 50 day moving average price of $185.05 and a 200-day moving average price of $176.58. The company has a market capitalization of $2.00 trillion, a P/E ratio of 20.41, 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 released 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 net margin of 28.60% and a return on equity of 32.49%. As a group, equities analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Buying and Selling

In related news, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the transaction, the insider now directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the firm’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 completion of the transaction, the director now directly owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,048 shares of company stock valued at $17,374,274. Company insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Citigroup cut their price target 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. DA Davidson upped their price target on shares of Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 price target on shares of Alphabet in a research report on Tuesday, December 10th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company upped 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. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $210.62.

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.