Commonwealth Financial Services LLC Has $1.44 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Commonwealth Financial Services LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 109.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,580 shares of the information services provider’s stock after purchasing an additional 3,966 shares during the quarter. Commonwealth Financial Services LLC’s holdings in Alphabet were worth $1,435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Williams & Novak LLC increased its holdings in Alphabet by 45.7% during the 3rd quarter. Williams & Novak LLC now owns 4,389 shares of the information services provider’s stock valued at $728,000 after purchasing an additional 1,376 shares in the last quarter. Axiom Advisory LLC raised its holdings in Alphabet by 116.6% during the 3rd quarter. Axiom Advisory LLC now owns 26,599 shares of the information services provider’s stock worth $4,454,000 after purchasing an additional 14,318 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its position in Alphabet by 2.7% during the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 61,650 shares of the information services provider’s stock valued at $10,225,000 after purchasing an additional 1,616 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of Alphabet by 1.7% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 143,529 shares of the information services provider’s stock valued at $23,804,000 after purchasing an additional 2,389 shares during the last quarter. Finally, Marion Wealth Management grew its position in shares of Alphabet by 5.6% during the 3rd quarter. Marion Wealth Management now owns 21,327 shares of the information services provider’s stock worth $3,537,000 after buying an additional 1,124 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

GOOGL stock opened at $186.14 on Friday. The company has a market capitalization of $2.28 trillion, a P/E ratio of 23.12, a PEG ratio of 1.39 and a beta of 0.99. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $207.05. The company has a fifty day moving average price of $192.37 and a 200-day moving average price of $174.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.95 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last issued 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%. As a group, equities analysts expect that Alphabet Inc. will post 8.91 EPS for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Alphabet’s dividend payout ratio is presently 9.94%.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,529 shares of company stock worth $16,600,078 in the last quarter. 11.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GOOGL has been the subject of a number of recent analyst reports. Robert W. Baird reissued an “outperform” rating and set a $205.00 target price on shares of Alphabet in a research note on Tuesday, December 10th. Stifel Nicolaus boosted their target price on Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Alphabet in a research note on Wednesday, February 5th. Roth Mkm upped their price objective on Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada raised their target price on shares of Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $210.62.

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.