Holistic Financial Partners Buys 73 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Holistic Financial Partners lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,641 shares of the information services provider’s stock after purchasing an additional 73 shares during the quarter. Holistic Financial Partners’ holdings in Alphabet were worth $689,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GOOGL. JPMorgan Chase & Co. boosted its position in Alphabet by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock valued at $10,559,240,000 after buying an additional 4,567,275 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Alphabet in the third quarter valued at approximately $513,024,000. Geode Capital Management LLC boosted its stake in Alphabet by 2.0% in the third quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider’s stock valued at $22,154,651,000 after acquiring an additional 2,626,431 shares during the last quarter. National Bank of Canada FI grew its holdings in Alphabet by 26.9% during the 3rd quarter. National Bank of Canada FI now owns 10,064,598 shares of the information services provider’s stock worth $1,669,300,000 after acquiring an additional 2,136,128 shares during the period. Finally, Darsana Capital Partners LP acquired a new stake in Alphabet during the 3rd quarter worth $331,700,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value 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 approximately $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,316 shares of company stock worth $25,062,887 in the last 90 days. Company insiders own 11.55% of the company’s stock.

Alphabet Trading Up 0.9 %

Shares of Alphabet stock opened at $173.86 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a 50-day moving average of $188.21 and a 200-day moving average of $176.54. Alphabet Inc. has a 52-week low of $134.00 and a 52-week high of $207.05. The stock has a market cap of $2.12 trillion, a PE ratio of 21.60, a PEG ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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, sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Analysts Set New Price Targets

Several research firms have recently issued reports on GOOGL. JMP Securities restated a “market perform” rating on shares of Alphabet in a research report on Wednesday, February 5th. KeyCorp raised their target price on Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research note on Thursday, December 12th. Bank of America reissued a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Finally, Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

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.