Level Four Advisory Services LLC Has $29.35 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Level Four Advisory Services LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,035 shares of the information services provider’s stock after purchasing an additional 6,480 shares during the period. Alphabet makes up 1.2% of Level Four Advisory Services LLC’s investment portfolio, making the stock its 10th largest holding. Level Four Advisory Services LLC’s holdings in Alphabet were worth $29,348,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Alphabet by 3.1% during 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 in the last quarter. WESPAC Advisors LLC boosted its stake in Alphabet by 1.9% during the third quarter. WESPAC Advisors LLC now owns 11,817 shares of the information services provider’s stock worth $1,960,000 after acquiring an additional 223 shares in the last quarter. StoneX Group Inc. increased its stake in shares of Alphabet by 20.3% during the third quarter. StoneX Group Inc. now owns 37,725 shares of the information services provider’s stock valued at $6,257,000 after purchasing an additional 6,372 shares in the last quarter. Family Capital Management Inc. lifted its holdings in shares of Alphabet by 1.8% during the third quarter. Family Capital Management Inc. now owns 6,950 shares of the information services provider’s stock valued at $1,153,000 after purchasing an additional 125 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC boosted its position in shares of Alphabet by 5.4% in the 3rd quarter. Wescott Financial Advisory Group LLC now owns 3,871 shares of the information services provider’s stock worth $642,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the transaction, the chief accounting officer now owns 17,847 shares in the company, valued at $3,468,029.04. This trade represents a 13.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. This represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,797 shares of company stock worth $21,089,470. Insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $145.60 on Monday. 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 Inc. has a 52 week low of $145.38 and a 52 week high of $207.05. The stock’s 50-day simple moving average is $175.15 and its 200-day simple moving average is $176.93. The company has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.34 and a beta of 1.03.

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

Alphabet Dividend Announcement

The business 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 was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.55%. Alphabet’s payout ratio is 9.94%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GOOGL shares. Wolfe Research lifted their price objective on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. The Goldman Sachs Group restated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Stifel Nicolaus lifted their target price on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Jefferies Financial Group cut their price target on shares of Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, UBS Group set a $190.00 price objective on shares of Alphabet in a report on Thursday, March 27th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet 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.