Kellett Wealth Advisors LLC Raises Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Kellett Wealth Advisors LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,868 shares of the information services provider’s stock after buying an additional 140 shares during the period. Kellett Wealth Advisors LLC’s holdings in Alphabet were worth $543,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Pettinga Financial Advisors LLC lifted its position in Alphabet by 10.1% in 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 period. WD Rutherford LLC lifted its position in Alphabet by 2.2% in the third quarter. WD Rutherford LLC now owns 31,715 shares of the information services provider’s stock valued at $5,260,000 after purchasing an additional 669 shares during the period. Pathway Financial Advisers LLC lifted its position in Alphabet by 28.6% in the third quarter. Pathway Financial Advisers LLC now owns 4,318 shares of the information services provider’s stock valued at $716,000 after purchasing an additional 960 shares during the period. Creekmur Asset Management LLC lifted its position in Alphabet by 5.8% in the third quarter. Creekmur Asset Management LLC now owns 12,768 shares of the information services provider’s stock valued at $2,118,000 after purchasing an additional 703 shares during the period. Finally, Highline Wealth Partners LLC acquired a new stake in Alphabet in the third quarter valued at about $3,131,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In other news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 23,324 shares in the company, valued at approximately $4,529,987.28. This trade represents a 6.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the sale, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $4,085,531.55. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,182 shares of company stock valued at $18,192,354 over the last ninety days. 11.55% of the stock is currently owned by company insiders.

Alphabet Stock Down 1.1 %

Alphabet stock opened at $164.04 on Wednesday. The company has a 50 day moving average of $187.20 and a 200-day moving average of $176.55. 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 has a market capitalization of $2.00 trillion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a twelve month low of $137.03 and a twelve 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 EPS 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%. On average, equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS 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 given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s payout ratio is presently 9.94%.

Analyst Ratings Changes

A number of brokerages have issued reports on GOOGL. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a report on Wednesday, February 5th. DA Davidson increased their target price on shares of Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Wedbush raised their price objective on shares of Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Finally, Cantor Fitzgerald dropped their price objective on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.