SRS Capital Advisors Inc. Buys 14,775 Shares of Alphabet Inc. (NASDAQ:GOOGL)

SRS Capital Advisors Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 83.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,382 shares of the information services provider’s stock after acquiring an additional 14,775 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Alphabet were worth $6,130,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in GOOGL. Compass Planning Associates Inc acquired a new stake in Alphabet in the 4th quarter valued at approximately $30,000. LMR Partners LLP bought a new position in Alphabet in the 3rd quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. raised its position in Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet during the fourth quarter worth $39,000. Finally, PayPay Securities Corp raised its position in shares of Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 1.7 %

Shares of GOOGL stock opened at $165.49 on Friday. The stock’s fifty day moving average price is $185.70 and its two-hundred day moving average price is $176.46. The company has a market cap of $2.02 trillion, a PE ratio of 20.56, a P/E/G ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a fifty-two week low of $140.03 and a fifty-two week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

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

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GOOGL. Morgan Stanley decreased their price objective on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus upped their target price on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Piper Sandler dropped their price objective on Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. DZ Bank lowered Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective on the stock. in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their price objective on Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company’s stock, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 1,374 shares of the business’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 transaction, the chief accounting officer now directly owns 15,024 shares in the company, valued at $2,606,213.28. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,882 shares of company stock valued at $17,934,130. 11.55% of the stock is currently owned by company insiders.

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.