Yarger Wealth Strategies LLC Purchases 153 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Yarger Wealth Strategies LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,623 shares of the information services provider’s stock after acquiring an additional 153 shares during the period. Yarger Wealth Strategies LLC’s holdings in Alphabet were worth $307,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Lantz Financial LLC raised its position in shares of 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 stake in Alphabet during the 2nd quarter worth about $218,000. Stonebrook Private Inc. lifted its holdings in Alphabet by 11.4% in the second quarter. Stonebrook Private Inc. now owns 16,616 shares of the information services provider’s stock valued at $3,027,000 after acquiring an additional 1,695 shares during the period. Parcion Private Wealth LLC lifted its stake in shares of Alphabet by 10.5% in the 2nd quarter. Parcion Private Wealth LLC now owns 22,845 shares of the information services provider’s stock valued at $4,161,000 after purchasing an additional 2,171 shares during the period. Finally, Umpqua Bank boosted its stake in shares of Alphabet by 2.7% during the 2nd quarter. Umpqua Bank now owns 44,719 shares of the information services provider’s stock worth $8,146,000 after acquiring an additional 1,157 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

GOOGL stock opened at $196.00 on Monday. The business has a 50 day simple moving average of $184.43 and a 200-day simple moving average of $173.34. The company has a market capitalization of $2.40 trillion, a P/E ratio of 25.99, a PEG ratio of 1.22 and a beta of 0.98. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $201.42. 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:GOOGL) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $72.85 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is 10.61%.

Insider Buying and Selling

In other news, insider John Kent Walker sold 16,820 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares in the company, valued at $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $171.42, for a total value of $234,331.14. Following the completion of the sale, 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 133,387 shares of company stock valued at $24,368,654 over the last quarter. Company insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Stifel Nicolaus upped their target price on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Sanford C. Bernstein increased their price objective on shares of Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Tigress Financial lifted their price target on Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 26th. Loop Capital increased their price objective on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average 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.