Wealth Advisors of Iowa LLC Raises Position in Alphabet Inc. (NASDAQ:GOOGL)

Wealth Advisors of Iowa LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,339 shares of the information services provider’s stock after buying an additional 217 shares during the quarter. Wealth Advisors of Iowa LLC’s holdings in Alphabet were worth $632,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. boosted its position in Alphabet by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock valued at $1,871,384,000 after buying an additional 337,031 shares during the last quarter. Capital City Trust Co. FL increased its position in shares of Alphabet by 1.0% during the third quarter. Capital City Trust Co. FL now owns 65,586 shares of the information services provider’s stock worth $10,877,000 after acquiring an additional 640 shares during the last quarter. Drive Wealth Management LLC lifted its stake in shares of Alphabet by 4.9% in the third quarter. Drive Wealth Management LLC now owns 23,968 shares of the information services provider’s stock worth $3,975,000 after acquiring an additional 1,118 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its holdings in Alphabet by 3.1% in the third quarter. Cassaday & Co Wealth Management LLC now owns 22,305 shares of the information services provider’s stock valued at $3,699,000 after purchasing an additional 672 shares during the last quarter. Finally, Tidemark LLC grew its stake in Alphabet by 2.5% during the 3rd quarter. Tidemark LLC now owns 3,143 shares of the information services provider’s stock valued at $521,000 after purchasing an additional 77 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 11,764 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the transaction, the insider now owns 49,037 shares of the company’s stock, valued at $8,181,333.08. This trade represents a 19.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 88,665 shares of company stock valued at $16,198,310 over the last three months. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $157.07 on Wednesday. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05. The stock’s fifty day moving average is $178.01 and its 200-day moving average is $177.09. 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 firm has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02.

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, topping 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%. Equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Robert W. Baird reissued an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a report on Tuesday, December 10th. Finally, Jefferies Financial Group cut their target price on shares of Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $209.49.

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.