Certified Advisory Corp Has $3.28 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Certified Advisory Corp lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,236 shares of the information services provider’s stock after selling 64 shares during the period. Certified Advisory Corp’s holdings in Alphabet were worth $3,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GOOG. Beck Bode LLC lifted its position in Alphabet by 7.1% in the 2nd quarter. Beck Bode LLC now owns 67,523 shares of the information services provider’s stock worth $12,385,000 after buying an additional 4,456 shares in the last quarter. WCG Wealth Advisors LLC increased its stake in shares of Alphabet by 20.3% in the second quarter. WCG Wealth Advisors LLC now owns 26,937 shares of the information services provider’s stock worth $4,941,000 after acquiring an additional 4,539 shares during the last quarter. Concorde Asset Management LLC acquired a new position in shares of Alphabet in the second quarter worth $218,000. Somerset Group LLC raised its holdings in shares of Alphabet by 1.5% during the second quarter. Somerset Group LLC now owns 10,501 shares of the information services provider’s stock worth $1,926,000 after acquiring an additional 156 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its position in Alphabet by 33.5% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 801 shares of the information services provider’s stock valued at $147,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GOOG. Citigroup raised their price target on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays boosted their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Pivotal Research raised their price target on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $200.56.

Alphabet Stock Up 1.6 %

GOOG opened at $197.55 on Friday. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $202.88. The business has a 50 day moving average of $185.56 and a 200-day moving average of $174.84. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 1.21 and a beta of 0.99. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the sale, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 441 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the transaction, the director now directly owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock valued at $24,368,654 over the last ninety days. 12.99% of the stock is owned by company insiders.

Alphabet 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.