Searcy Financial Services Inc. ADV Has $308,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Searcy Financial Services Inc. ADV decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 13.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,626 shares of the information services provider’s stock after selling 260 shares during the period. Alphabet makes up 0.1% of Searcy Financial Services Inc. ADV’s holdings, making the stock its 21st biggest holding. Searcy Financial Services Inc. ADV’s holdings in Alphabet were worth $308,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. LMR Partners LLP acquired a new position in shares of Alphabet during the 3rd quarter valued at $32,000. Denver PWM LLC acquired a new position in shares of Alphabet during the second quarter valued at about $41,000. Quarry LP bought a new position in shares of Alphabet during the 2nd quarter worth about $53,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Alphabet in the 3rd quarter valued at about $66,000. Finally, Mendota Financial Group LLC increased its position in Alphabet by 19.0% in the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after buying an additional 64 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity

In related news, Director Frances Arnold sold 441 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the transaction, the director now directly owns 16,490 shares in the company, valued at $2,820,779.40. The trade was a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.42, for a total value of $234,331.14. Following the completion of the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at $4,516,745.58. This represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 153,053 shares of company stock worth $27,559,701 over the last ninety days. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Down 0.5 %

GOOGL opened at $191.01 on Tuesday. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $201.42. The company has a market cap of $2.34 trillion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $183.05 and a 200 day moving average of $172.99.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same period last year, the company earned $1.55 earnings per share. On average, sell-side analysts expect that Alphabet Inc. will post 8.01 EPS for the current 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 dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is presently 10.61%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GOOGL shares. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. Wolfe Research upped their price objective on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Evercore ISI raised their price objective on shares of Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Tigress Financial boosted their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 26th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.