Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by TPG Financial Advisors LLC

TPG Financial Advisors LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 14.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,636 shares of the information services provider’s stock after acquiring an additional 332 shares during the quarter. TPG Financial Advisors LLC’s holdings in Alphabet were worth $499,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Lantz Financial LLC grew its position in shares of Alphabet by 10.8% during the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $842,000 after buying an additional 452 shares in the last quarter. Spectrum Wealth Advisory Group LLC acquired a new position in Alphabet during the 2nd quarter worth approximately $218,000. Vance Wealth Inc. increased its position in shares of Alphabet by 4.0% in the 2nd quarter. Vance Wealth Inc. now owns 3,089 shares of the information services provider’s stock valued at $563,000 after purchasing an additional 119 shares during the last quarter. JFG Wealth Management LLC raised its holdings in shares of Alphabet by 14.4% in the 2nd quarter. JFG Wealth Management LLC now owns 2,011 shares of the information services provider’s stock valued at $366,000 after purchasing an additional 253 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. lifted its position in shares of Alphabet by 3.5% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 144,068 shares of the information services provider’s stock worth $26,242,000 after purchasing an additional 4,903 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction dated 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 approximately $59,741,643.48. The trade was a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the sale, the chief executive officer now owns 2,084,306 shares in the company, valued at $369,672,512.16. This represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 130,553 shares of company stock worth $23,817,951. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Down 0.7 %

Alphabet stock opened at $189.66 on Wednesday. The stock’s 50 day moving average price is $183.45 and its 200 day moving average price is $173.04. The company has a market cap of $2.32 trillion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $201.42.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same period in the previous year, the firm earned $1.55 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GOOGL. JPMorgan Chase & Co. lifted their price target on Alphabet from $212.00 to $232.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group restated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Thursday, December 12th. Truist Financial increased their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Scotiabank raised shares of Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.15.

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.