J.Safra Asset Management Corp Purchases 3,574 Shares of Alphabet Inc. (NASDAQ:GOOGL)

J.Safra Asset Management Corp raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 46.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,267 shares of the information services provider’s stock after purchasing an additional 3,574 shares during the period. J.Safra Asset Management Corp’s holdings in Alphabet were worth $2,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. WoodTrust Financial Corp raised its position in shares of Alphabet by 32.4% in the 4th quarter. WoodTrust Financial Corp now owns 87,716 shares of the information services provider’s stock worth $16,604,000 after acquiring an additional 21,490 shares in the last quarter. Oak Grove Capital LLC bought a new position in shares of Alphabet in the 4th quarter worth $2,279,000. Souders Financial Advisors raised its position in shares of Alphabet by 27.8% in the 4th quarter. Souders Financial Advisors now owns 8,129 shares of the information services provider’s stock worth $1,539,000 after acquiring an additional 1,769 shares in the last quarter. Snider Financial Group bought a new position in shares of Alphabet in the 4th quarter worth $1,327,000. Finally, Triad Wealth Partners LLC bought a new position in shares of Alphabet in the 4th quarter worth $1,850,000. 40.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GOOGL. Bank of America restated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Wolfe Research boosted their price target on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. JMP Securities restated a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. Morgan Stanley lowered their target price on Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus upped their price target on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Ten 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $210.03.

Alphabet Trading Down 2.2 %

Shares of Alphabet stock opened at $160.67 on Wednesday. The firm has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a fifty-two week low of $146.08 and a fifty-two week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a 50 day moving average of $184.35 and a 200 day moving average of $176.56.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results 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 return on equity of 32.49% and a net margin of 28.60%. As a group, research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared 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. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction 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 sale, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock worth $17,374,274 over the last ninety days. Company insiders own 11.55% of the company’s stock.

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.