Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 34.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,182 shares of the information services provider’s stock after purchasing an additional 10,978 shares during the quarter. Alphabet makes up about 1.9% of Advisors Management Group Inc. ADV’s portfolio, making the stock its 14th biggest holding. Advisors Management Group Inc. ADV’s holdings in Alphabet were worth $8,174,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. LMR Partners LLP acquired a new stake in Alphabet in the third quarter valued at approximately $32,000. Denver PWM LLC acquired a new position in shares of Alphabet during the 2nd quarter worth approximately $41,000. Quarry LP purchased a new position in shares of Alphabet during the 2nd quarter valued at approximately $53,000. Teachers Insurance & Annuity Association of America acquired a new stake in Alphabet in the 3rd quarter valued at $66,000. Finally, Mendota Financial Group LLC increased its holdings in Alphabet by 19.0% in the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after acquiring an additional 64 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Alphabet stock opened at $196.00 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42. The firm has a market cap of $2.40 trillion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The company’s 50 day moving average is $184.08 and its two-hundred day moving average is $173.33.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same period last year, the firm earned $1.55 earnings per share. On average, research analysts expect that Alphabet Inc. will post 8.03 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. Alphabet’s payout ratio is 10.61%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GOOGL shares. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. Roth Mkm increased their target price on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wedbush boosted their price target on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Piper Sandler restated an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Alphabet in a report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their target price on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $208.15.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares in the company, valued at $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the completion of the transaction, the director now owns 330,466 shares in the company, valued at $59,741,643.48. This represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,387 shares of company stock worth $24,368,654 over the last 90 days. 11.55% of the stock is owned by 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.