Catalyst Financial Partners LLC Increases Position in Alphabet Inc. (NASDAQ:GOOGL)

Catalyst Financial Partners LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,145 shares of the information services provider’s stock after buying an additional 502 shares during the quarter. Alphabet comprises approximately 1.0% of Catalyst Financial Partners LLC’s investment portfolio, making the stock its 16th biggest holding. Catalyst Financial Partners LLC’s holdings in Alphabet were worth $5,517,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GOOGL. Mcrae Capital Management Inc. raised its position in shares of Alphabet by 3.0% during the 4th quarter. Mcrae Capital Management Inc. now owns 27,650 shares of the information services provider’s stock worth $5,234,000 after purchasing an additional 810 shares during the last quarter. IMS Capital Management raised its position in shares of Alphabet by 2.4% during the 4th quarter. IMS Capital Management now owns 14,034 shares of the information services provider’s stock worth $2,657,000 after purchasing an additional 326 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Alphabet by 1.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,457,789 shares of the information services provider’s stock worth $473,713,000 after purchasing an additional 35,798 shares during the last quarter. PayPay Securities Corp raised its position in shares of Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Sunburst Financial Group LLC raised its position in shares of Alphabet by 3.0% during the 4th quarter. Sunburst Financial Group LLC now owns 7,071 shares of the information services provider’s stock worth $1,339,000 after purchasing an additional 203 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of GOOGL opened at $179.25 on Tuesday. The firm’s 50 day moving average is $192.12 and its 200-day moving average is $176.05. The stock has a market capitalization of $2.19 trillion, a P/E ratio of 22.27, a P/E/G ratio of 1.34 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $207.05.

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 28.60% and a return on equity of 32.49%. Equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have weighed in on GOOGL. Royal Bank of Canada raised their target price on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. DZ Bank lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price on the stock. in a research note on Thursday, February 6th. Stifel Nicolaus raised their target price on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Piper Sandler cut their price target on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Citigroup cut their price target on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Insiders Place Their Bets

In related news, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 sale, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,299 shares of company stock worth $25,055,751 over the last ninety days. 11.55% of the stock is currently owned by company insiders.

Alphabet Company 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.