Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Tyler Stone Wealth Management

Tyler Stone Wealth Management increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 5.7% in the fourth quarter, Holdings Channel reports. The firm owned 32,509 shares of the information services provider’s stock after purchasing an additional 1,754 shares during the quarter. Alphabet accounts for 1.1% of Tyler Stone Wealth Management’s holdings, making the stock its 21st biggest holding. Tyler Stone Wealth Management’s holdings in Alphabet were worth $6,154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of Alphabet by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock valued at $1,871,384,000 after buying an additional 337,031 shares during the period. Biltmore Family Office LLC boosted its stake in Alphabet by 8.4% in the third quarter. Biltmore Family Office LLC now owns 21,940 shares of the information services provider’s stock valued at $3,639,000 after acquiring an additional 1,701 shares during the period. Asset Management Group Inc. boosted its stake in Alphabet by 14.3% in the third quarter. Asset Management Group Inc. now owns 14,483 shares of the information services provider’s stock valued at $2,402,000 after acquiring an additional 1,813 shares during the period. Meridian Wealth Management LLC grew its holdings in shares of Alphabet by 1.7% during the third quarter. Meridian Wealth Management LLC now owns 143,319 shares of the information services provider’s stock valued at $23,770,000 after purchasing an additional 2,386 shares during the last quarter. Finally, Nwam LLC raised its position in shares of Alphabet by 2.1% during the 3rd quarter. Nwam LLC now owns 60,187 shares of the information services provider’s stock worth $9,982,000 after purchasing an additional 1,256 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of GOOGL opened at $145.60 on Friday. The business’s 50-day moving average is $175.15 and its 200-day moving average is $176.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $145.38 and a fifty-two week high of $207.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal 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 dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.55%. Alphabet’s payout ratio is 9.94%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 673 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at $2,377,014.99. This represents a 4.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the sale, the director now owns 21,824 shares of the company’s stock, valued at $4,142,195.20. This represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,797 shares of company stock worth $21,089,470 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on GOOGL shares. Wolfe Research upped their price objective on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. KeyCorp dropped their price objective 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. Roth Mkm reissued a “buy” rating and set a $220.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Piper Sandler decreased their target price on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

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.