Optimum Investment Advisors Has $1.66 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Optimum Investment Advisors boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,745 shares of the information services provider’s stock after purchasing an additional 100 shares during the quarter. Alphabet accounts for approximately 0.7% of Optimum Investment Advisors’ holdings, making the stock its 21st biggest position. Optimum Investment Advisors’ holdings in Alphabet were worth $1,655,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings 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 period. BIP Wealth LLC lifted its holdings in shares of Alphabet by 5.1% during the 3rd quarter. BIP Wealth LLC now owns 7,302 shares of the information services provider’s stock worth $1,211,000 after acquiring an additional 354 shares during the period. Wrapmanager Inc. boosted its position in shares of Alphabet by 17.1% during the 3rd quarter. Wrapmanager Inc. now owns 18,261 shares of the information services provider’s stock valued at $3,029,000 after acquiring an additional 2,670 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Alphabet by 23.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 163,970 shares of the information services provider’s stock valued at $27,194,000 after acquiring an additional 31,482 shares during the period. Finally, Princeton Capital Management LLC raised its position in Alphabet by 2.5% in the third quarter. Princeton Capital Management LLC now owns 96,294 shares of the information services provider’s stock worth $15,970,000 after purchasing an additional 2,358 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the sale, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 17,690 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now owns 43,111 shares in the company, valued at $7,997,521.61. This represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,297 shares of company stock worth $15,936,270. Company insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent research reports. DA Davidson lifted their price objective on Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Wells Fargo & Company decreased their price objective on shares of Alphabet from $184.00 to $167.00 and set an “equal weight” rating on the stock in a research note on Monday. Morgan Stanley cut their price objective on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. DZ Bank cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective for the company. in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $209.49.

Alphabet Stock Down 0.0 %

NASDAQ:GOOGL opened at $157.04 on Thursday. 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 stock’s 50 day moving average price is $177.19 and its two-hundred day moving average price is $176.95. Alphabet Inc. has a twelve month low of $147.22 and a twelve month high of $207.05. 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 1.03.

Alphabet (NASDAQ:GOOGL) last issued its 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%. Equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet’s dividend payout ratio (DPR) 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.