Code Waechter LLC Has $699,000 Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Code Waechter LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,691 shares of the information services provider’s stock after purchasing an additional 211 shares during the period. Code Waechter LLC’s holdings in Alphabet were worth $699,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Lantz Financial LLC lifted its stake in Alphabet by 10.8% in the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after purchasing an additional 452 shares during the last quarter. Spectrum Wealth Advisory Group LLC acquired a new position in shares of Alphabet during the second quarter worth $218,000. Vance Wealth Inc. increased its holdings in shares of Alphabet by 4.0% during the second quarter. Vance Wealth Inc. now owns 3,089 shares of the information services provider’s stock worth $563,000 after buying an additional 119 shares in the last quarter. JFG Wealth Management LLC lifted its stake 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 acquiring an additional 253 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. boosted its holdings 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 valued at $26,242,000 after acquiring an additional 4,903 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GOOGL shares. Evercore ISI upped their target price on Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Phillip Securities raised Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Wolfe Research raised their price objective on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Stifel Nicolaus boosted their target price on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday. Finally, Truist Financial raised 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. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $208.15.

Alphabet Trading Down 0.7 %

GOOGL opened at $189.66 on Wednesday. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $201.42. The firm has a market capitalization of $2.32 trillion, a PE ratio of 25.15, a P/E/G 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. The company’s 50-day moving average is $183.45 and its 200 day moving average is $173.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data 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 in the previous year, the company posted $1.55 EPS. As a group, research analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction that occurred on 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 directly owns 26,349 shares of the company’s stock, valued at $4,516,745.58. This represents a 4.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the sale, the chief executive officer now owns 2,084,306 shares in the company, valued at $369,672,512.16. This trade 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 have sold 130,553 shares of company stock worth $23,817,951. Corporate insiders own 11.55% of the company’s stock.

About Alphabet

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.