Jmac Enterprises LLC Has $407,000 Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Jmac Enterprises LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,152 shares of the information services provider’s stock after purchasing an additional 165 shares during the quarter. Jmac Enterprises LLC’s holdings in Alphabet were worth $407,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Avidian Wealth Enterprises LLC raised its position in shares of Alphabet by 2.2% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 29,894 shares of the information services provider’s stock worth $5,659,000 after acquiring an additional 631 shares during the last quarter. Valley Brook Capital Group Inc. grew its holdings in shares of Alphabet by 1.7% in the fourth quarter. Valley Brook Capital Group Inc. now owns 4,088 shares of the information services provider’s stock valued at $774,000 after acquiring an additional 67 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its stake in Alphabet by 8.2% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 94,119 shares of the information services provider’s stock valued at $17,817,000 after acquiring an additional 7,119 shares during the last quarter. Atlas Wealth Partners LLC bought a new stake in Alphabet in the 4th quarter valued at about $203,000. Finally, TFB Advisors LLC grew its position in shares of Alphabet by 1.1% in the fourth quarter. TFB Advisors LLC now owns 20,389 shares of the information services provider’s stock valued at $3,860,000 after purchasing an additional 227 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Down 2.7 %

NASDAQ:GOOGL opened at $179.66 on Monday. The firm has a market capitalization of $2.19 trillion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The business’s 50-day moving average is $192.46 and its two-hundred day moving average is $175.93.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. Research analysts predict 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 will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. 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 currently 9.94%.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research reports. Piper Sandler cut their target price on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Stifel Nicolaus lifted their price objective on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 13th. KeyCorp boosted their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the sale, the director now owns 23,324 shares in the company, valued at approximately $4,529,987.28. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,299 shares of company stock valued at $25,055,751. 11.55% of the stock is currently owned by corporate insiders.

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.