Sage Private Wealth Group LLC Purchases 216 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Sage Private Wealth Group LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,708 shares of the information services provider’s stock after buying an additional 216 shares during the period. Alphabet makes up approximately 0.5% of Sage Private Wealth Group LLC’s investment portfolio, making the stock its 22nd largest position. Sage Private Wealth Group LLC’s holdings in Alphabet were worth $702,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Wealth Advisors Northwest LLC acquired a new position in Alphabet during the fourth quarter worth about $261,000. Schear Investment Advisers LLC grew its holdings in shares of Alphabet by 6.9% during the 4th quarter. Schear Investment Advisers LLC now owns 36,066 shares of the information services provider’s stock valued at $6,827,000 after purchasing an additional 2,315 shares during the last quarter. Warther Private Wealth LLC increased its position in Alphabet by 0.4% during the 4th quarter. Warther Private Wealth LLC now owns 114,986 shares of the information services provider’s stock worth $21,767,000 after purchasing an additional 497 shares in the last quarter. Leavell Investment Management Inc. lifted its stake in Alphabet by 6.2% in the 4th quarter. Leavell Investment Management Inc. now owns 37,186 shares of the information services provider’s stock valued at $7,039,000 after purchasing an additional 2,183 shares during the last quarter. Finally, Guided Capital Wealth Management LLC acquired a new stake in Alphabet in the fourth quarter valued at approximately $1,379,000. 40.03% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now owns 1,449,286 shares in the company, valued at $265,914,995.28. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,299 shares of company stock worth $25,055,751 over the last three months. 11.55% of the stock is currently owned by insiders.

Alphabet Stock Down 2.7 %

Shares of NASDAQ:GOOGL opened at $179.66 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $207.05. The business’s 50 day simple moving average is $192.46 and its two-hundred day simple moving average is $175.81. The firm has a market cap of $2.19 trillion, a P/E ratio of 22.32, a PEG ratio of 1.34 and a beta of 0.99.

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, research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Evercore ISI upped their price target on shares of Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Pivotal Research upped their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. The Goldman Sachs Group reiterated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Roth Mkm upped their price objective on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.