Fiduciary Advisors Inc. Makes New $39,000 Investment in Alphabet Inc. (NASDAQ:GOOGL)

Fiduciary Advisors Inc. acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 206 shares of the information services provider’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Newport Capital Group LLC purchased a new stake in Alphabet in the 2nd quarter valued at $1,111,000. Gateway Wealth Partners LLC raised its stake in shares of Alphabet by 4.6% during the 2nd quarter. Gateway Wealth Partners LLC now owns 10,765 shares of the information services provider’s stock worth $1,961,000 after buying an additional 472 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Alphabet during the 2nd quarter worth $52,394,000. Brandes Investment Partners LP grew its position in Alphabet by 3.3% during the second quarter. Brandes Investment Partners LP now owns 414,107 shares of the information services provider’s stock worth $75,515,000 after buying an additional 13,096 shares during the period. Finally, EP Wealth Advisors LLC boosted its position in Alphabet by 2.8% during the second quarter. EP Wealth Advisors LLC now owns 869,170 shares of the information services provider’s stock worth $158,319,000 after purchasing an additional 23,472 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total value of $3,975,075.00. Following the sale, the chief executive officer now directly owns 2,061,806 shares in the company, valued at $364,259,266.02. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,529 shares of company stock valued at $16,600,078. 11.55% of the stock is owned by corporate insiders.

Alphabet Price Performance

Shares of GOOGL opened at $185.34 on Friday. Alphabet Inc. has a one year low of $130.66 and a one year high of $207.05. The firm has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 1.31 and a beta of 0.99. The stock’s fifty day moving average is $191.28 and its 200-day moving average is $174.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. Equities analysts anticipate that Alphabet Inc. will post 8.02 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. Alphabet’s dividend payout ratio is 10.61%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GOOGL shares. DA Davidson increased their target price 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 lifted their price target on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Loop Capital increased their price target on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. Finally, JMP Securities reissued a “market perform” rating on shares of Alphabet in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $210.62.

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.