Liberty Wealth Management LLC Grows Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Liberty Wealth Management LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,114 shares of the information services provider’s stock after buying an additional 1,906 shares during the period. Liberty Wealth Management LLC’s holdings in Alphabet were worth $2,104,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Great Lakes Advisors LLC increased its holdings in Alphabet by 1.5% during the fourth quarter. Great Lakes Advisors LLC now owns 782,756 shares of the information services provider’s stock worth $148,176,000 after buying an additional 11,658 shares during the last quarter. Truvestments Capital LLC lifted its stake in shares of Alphabet by 1.0% during the 4th quarter. Truvestments Capital LLC now owns 15,251 shares of the information services provider’s stock valued at $2,887,000 after buying an additional 151 shares in the last quarter. Austin Wealth Management LLC boosted its holdings in Alphabet by 5.3% in the 4th quarter. Austin Wealth Management LLC now owns 6,491 shares of the information services provider’s stock worth $1,272,000 after buying an additional 326 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in shares of Alphabet in the fourth quarter valued at $2,422,000. Finally, Hopwood Financial Services Inc. purchased a new position in Alphabet during the 4th quarter valued at about $950,000. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on GOOGL. KeyCorp decreased their price target on shares of Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Robert W. Baird reiterated an “outperform” rating and set a $205.00 price target on shares of Alphabet in a research report on Tuesday, December 10th. Piper Sandler lowered their price objective on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Citigroup decreased their price objective on Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $210.00 target price on shares of Alphabet in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $210.59.

Alphabet Stock Performance

Shares of GOOGL stock opened at $167.68 on Tuesday. The stock has a market capitalization of $2.04 trillion, a PE ratio of 20.83, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52 week low of $147.22 and a 52 week high of $207.05. The firm has a 50 day moving average of $182.10 and a two-hundred day moving average of $176.73.

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

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet’s payout ratio is 9.94%.

Insiders Place Their Bets

In related news, insider John Kent Walker sold 16,820 shares of the company’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 value of $3,239,868.40. Following the sale, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction on 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 owns 272,466 shares in the company, valued at approximately $50,376,238.74. This trade represents a 9.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,048 shares of company stock valued at $17,374,274. 11.55% 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.