LWM Advisory Services LLC Has $855,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

LWM Advisory Services LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,516 shares of the information services provider’s stock after selling 266 shares during the period. LWM Advisory Services LLC’s holdings in Alphabet were worth $855,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pettinga Financial Advisors LLC boosted its position in Alphabet by 10.1% during the third quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock valued at $363,000 after purchasing an additional 201 shares during the last quarter. Forsta AP Fonden boosted its position in Alphabet by 8.8% during the third quarter. Forsta AP Fonden now owns 1,599,400 shares of the information services provider’s stock valued at $265,260,000 after purchasing an additional 129,100 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in Alphabet by 2.2% during the third quarter. NorthCrest Asset Manangement LLC now owns 299,943 shares of the information services provider’s stock valued at $49,746,000 after purchasing an additional 6,344 shares during the last quarter. Horizon Bancorp Inc. IN boosted its position in Alphabet by 10.9% during the third quarter. Horizon Bancorp Inc. IN now owns 2,510 shares of the information services provider’s stock valued at $416,000 after purchasing an additional 247 shares during the last quarter. Finally, Pathway Financial Advisers LLC boosted its position in Alphabet by 21,228.1% during the third quarter. Pathway Financial Advisers LLC now owns 716,199 shares of the information services provider’s stock valued at $118,782,000 after purchasing an additional 712,841 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOGL has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 13th. DA Davidson upped their price objective on Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Citigroup dropped their price objective on Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Wedbush upped their price objective on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Finally, Bank of America restated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Alphabet Trading Up 0.9 %

Shares of GOOGL stock opened at $173.86 on Friday. The firm has a market capitalization of $2.12 trillion, a P/E ratio of 21.60, a P/E/G ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a twelve month low of $134.00 and a twelve month high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $188.21 and its 200 day simple moving average is $176.40.

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 return on equity of 32.49% and a net margin of 28.60%. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given 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 0.46%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the sale, the insider now owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 1,374 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the sale, the chief accounting officer now owns 15,024 shares in the company, valued at $2,606,213.28. This trade represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,316 shares of company stock worth $25,062,887. Insiders own 11.55% of the company’s stock.

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.