Investor s Fiduciary Advisor Network LLC Acquires New Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Investor s Fiduciary Advisor Network LLC bought a new position in Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, HoldingsChannel reports. The fund bought 3,137 shares of the information services provider’s stock, valued at approximately $593,000.

Several other large investors also recently made changes to their positions in GOOGL. JPMorgan Chase & Co. grew its stake in shares of Alphabet by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock worth $10,559,240,000 after purchasing an additional 4,567,275 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its position in Alphabet by 0.9% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 23,533 shares of the information services provider’s stock valued at $4,455,000 after buying an additional 207 shares in the last quarter. Wealth Group Ltd. increased its stake in Alphabet by 5.2% during the 4th quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider’s stock valued at $299,000 after buying an additional 78 shares during the period. Czech National Bank raised its position in shares of Alphabet by 6.2% during the 4th quarter. Czech National Bank now owns 1,267,139 shares of the information services provider’s stock worth $239,869,000 after buying an additional 73,598 shares in the last quarter. Finally, Paragon Advisors LLC lifted its stake in shares of Alphabet by 20.9% in the 4th quarter. Paragon Advisors LLC now owns 29,759 shares of the information services provider’s stock worth $5,633,000 after acquiring an additional 5,148 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $152.75 on Friday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The stock’s 50-day moving average is $158.93 and its two-hundred day moving average is $175.18. The firm has a market cap of $1.85 trillion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The firm had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the previous year, the company earned $1.89 EPS. On average, analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, June 9th. This is an increase from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s dividend payout ratio (DPR) is 9.36%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GOOGL shares. KeyCorp boosted their target price on Alphabet from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. Truist Financial decreased their target price on Alphabet from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Oppenheimer boosted their price target on shares of Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Susquehanna reduced their price objective on shares of Alphabet from $225.00 to $220.00 and set a “positive” rating for the company in a research report on Friday, April 25th. Finally, Roth Mkm reiterated a “buy” rating and issued a $220.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $199.75.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 2,824 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total value of $529,302.32. Following the completion of the sale, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at approximately $2,815,948.32. This represents a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the transaction, the insider now owns 43,111 shares of the company’s stock, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 179,324 shares of company stock valued at $30,153,353 in the last quarter. Insiders own 11.64% of the company’s stock.

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.