Strategic Family Wealth Counselors L.L.C. Acquires 998 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Strategic Family Wealth Counselors L.L.C. boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 81.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,220 shares of the information services provider’s stock after buying an additional 998 shares during the period. Strategic Family Wealth Counselors L.L.C.’s holdings in Alphabet were worth $420,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Compass Planning Associates Inc purchased a new stake in Alphabet during the 4th quarter valued at $30,000. LMR Partners LLP purchased a new stake in Alphabet during the 3rd quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after buying an additional 166 shares during the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Alphabet in the 4th quarter worth $39,000. Finally, PayPay Securities Corp increased its stake in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GOOGL. Bank of America restated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Stifel Nicolaus upped their price objective on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Morgan Stanley reduced their price objective on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Wedbush upped their price objective on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Finally, Roth Mkm restated a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $210.59.

Insider Buying and Selling

In related news, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the sale, the director now directly owns 272,466 shares of the company’s stock, valued at $50,376,238.74. This represents a 9.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the transaction, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock valued at $17,374,274 in the last ninety days. 11.55% of the stock is owned by company insiders.

Alphabet Stock Up 2.0 %

Shares of NASDAQ:GOOGL opened at $163.89 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $146.74 and a 12 month high of $207.05. The company has a 50-day moving average price of $183.75 and a 200 day moving average price of $176.47. The company has a market cap of $2.00 trillion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

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.