Wayfinding Financial LLC Makes New $799,000 Investment in Alphabet Inc. (NASDAQ:GOOGL)

Wayfinding Financial LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,225 shares of the information services provider’s stock, valued at approximately $799,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. One Charles Private Wealth Services LLC increased its position in Alphabet by 1.7% in the 4th quarter. One Charles Private Wealth Services LLC now owns 6,735 shares of the information services provider’s stock worth $1,275,000 after buying an additional 115 shares during the period. Truepoint Inc. grew its stake in shares of Alphabet by 1.7% in the fourth quarter. Truepoint Inc. now owns 6,730 shares of the information services provider’s stock worth $1,274,000 after acquiring an additional 115 shares during the last quarter. Independent Solutions Wealth Management LLC increased its position in Alphabet by 5.0% during the fourth quarter. Independent Solutions Wealth Management LLC now owns 13,545 shares of the information services provider’s stock worth $2,564,000 after acquiring an additional 650 shares during the period. Antonelli Financial Advisors LLC acquired a new position in Alphabet during the 4th quarter valued at $535,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Alphabet by 2.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 167,678 shares of the information services provider’s stock valued at $31,741,000 after purchasing an additional 3,872 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GOOGL shares. DZ Bank downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective on the stock. in a report on Thursday, February 6th. Wedbush boosted their price target on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Jefferies Financial Group reduced their price objective on Alphabet from $235.00 to $200.00 and set a “buy” rating for the company in a research report on Monday. Wells Fargo & Company decreased their price objective on Alphabet from $184.00 to $167.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $205.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $209.49.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,368 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at $3,961,445.55. This trade represents a 6.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total transaction of $284,700.00. Following the transaction, the director now owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. This represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,665 shares of company stock worth $16,198,310. Insiders own 11.55% of the company’s stock.

Alphabet Trading Up 1.6 %

Shares of GOOGL opened at $157.07 on Wednesday. The stock’s fifty day simple moving average is $178.01 and its 200-day simple moving average is $177.09. The firm has a market capitalization of $1.91 trillion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 12-month low of $147.22 and a 12-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.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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, research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.

About Alphabet

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.