5,348 Shares in Alphabet Inc. (NASDAQ:GOOGL) Bought by Spectrum Wealth Advisory Group LLC

Spectrum Wealth Advisory Group LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,348 shares of the information services provider’s stock, valued at approximately $1,012,000. Alphabet accounts for approximately 0.5% of Spectrum Wealth Advisory Group LLC’s portfolio, making the stock its 24th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GOOGL. J.W. Cole Advisors Inc. raised its stake in shares of Alphabet by 5.3% during the 4th quarter. J.W. Cole Advisors Inc. now owns 75,002 shares of the information services provider’s stock worth $14,198,000 after buying an additional 3,769 shares during the last quarter. Opes Wealth Management LLC boosted its stake in Alphabet by 46.0% in the 4th quarter. Opes Wealth Management LLC now owns 10,882 shares of the information services provider’s stock worth $2,060,000 after buying an additional 3,431 shares during the last quarter. Valmark Advisers Inc. raised its stake in Alphabet by 0.5% during the fourth quarter. Valmark Advisers Inc. now owns 21,107 shares of the information services provider’s stock worth $3,996,000 after purchasing an additional 107 shares during the period. Stanich Group LLC purchased a new stake in Alphabet during the fourth quarter valued at about $225,000. Finally, MOKAN Wealth Management Inc. purchased a new position in Alphabet in the fourth quarter valued at approximately $1,020,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley dropped their target price on Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Loop Capital boosted their target price on shares of Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Cantor Fitzgerald dropped their target price on Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Wolfe Research raised their target price on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Robert W. Baird restated an “outperform” rating and issued a $205.00 target price on shares of Alphabet in a research report on Tuesday, December 10th. Ten 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the sale, the director now directly owns 23,324 shares of the company’s stock, valued at approximately $4,529,987.28. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,309 shares of company stock valued at $25,057,490. 11.55% of the stock is owned by corporate insiders.

Alphabet Price Performance

NASDAQ GOOGL opened at $170.33 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $207.05. The company has a 50 day moving average price of $190.58 and a two-hundred day moving average price of $176.11. The stock has a market capitalization of $2.08 trillion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data 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 net margin of 28.60% and a return on equity of 32.49%. As a group, equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed 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 0.47%. Alphabet’s payout ratio is 9.94%.

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.