Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 75,002 shares of the information services provider’s stock after buying an additional 3,769 shares during the period. Alphabet comprises approximately 0.6% of J.W. Cole Advisors Inc.’s holdings, making the stock its 25th biggest position. J.W. Cole Advisors Inc.’s holdings in Alphabet were worth $14,198,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. MBE Wealth Management LLC boosted its holdings in Alphabet by 27.9% during the third quarter. MBE Wealth Management LLC now owns 2,253 shares of the information services provider’s stock worth $374,000 after buying an additional 492 shares in the last quarter. James Hambro & Partners LLP increased its holdings in Alphabet by 2.6% in the third quarter. James Hambro & Partners LLP now owns 44,486 shares of the information services provider’s stock worth $7,381,000 after buying an additional 1,134 shares during the last quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd raised its holdings in Alphabet by 1,832.7% during the third quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd now owns 198,879 shares of the information services provider’s stock valued at $32,983,000 after buying an additional 188,589 shares in the last quarter. Kennedy Investment Group raised its position in shares of Alphabet by 4.0% in the third quarter. Kennedy Investment Group now owns 6,713 shares of the information services provider’s stock valued at $1,113,000 after purchasing an additional 256 shares during the period. Finally, Little House Capital LLC increased its stake in shares of Alphabet by 15.9% in the third quarter. Little House Capital LLC now owns 63,422 shares of the information services provider’s stock worth $10,519,000 after purchasing an additional 8,706 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,309 shares of company stock worth $25,057,490. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Up 1.1 %

Alphabet stock opened at $170.33 on Friday. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $207.05. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 21.16, a P/E/G ratio of 1.34 and a beta of 0.99. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $190.58 and its 200-day simple moving average is $176.11.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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 expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm 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 0.47%. Alphabet’s payout ratio is 9.94%.

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent research reports. Cantor Fitzgerald cut their price target on Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Citigroup decreased their price target on Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. DZ Bank lowered Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective for the company. in a research report on Thursday, February 6th. Wolfe Research upped their price target on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Piper Sandler lowered their target price on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Ten 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.62.

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.