Lynch & Associates IN Purchases 738 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Lynch & Associates IN raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,272 shares of the information services provider’s stock after buying an additional 738 shares during the period. Alphabet comprises approximately 1.3% of Lynch & Associates IN’s portfolio, making the stock its 28th largest position. Lynch & Associates IN’s holdings in Alphabet were worth $5,920,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Lantz Financial LLC lifted its position in shares of Alphabet by 10.8% in the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after acquiring an additional 452 shares in the last quarter. Spectrum Wealth Advisory Group LLC bought a new stake in Alphabet in the second quarter worth $218,000. Vance Wealth Inc. boosted its stake in shares of Alphabet by 4.0% during the 2nd quarter. Vance Wealth Inc. now owns 3,089 shares of the information services provider’s stock worth $563,000 after purchasing an additional 119 shares during the period. Tobam grew its stake in shares of Alphabet by 64.3% during the second quarter. Tobam now owns 24,833 shares of the information services provider’s stock valued at $4,523,000 after buying an additional 9,718 shares during the last quarter. Finally, Abacus Planning Group Inc. grew its position in Alphabet by 4.0% in the 2nd quarter. Abacus Planning Group Inc. now owns 8,590 shares of the information services provider’s stock valued at $1,565,000 after acquiring an additional 331 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Down 1.0 %

GOOGL traded down $1.91 during trading on Friday, reaching $192.04. 26,591,431 shares of the stock were exchanged, compared to its average volume of 24,268,787. The stock has a market cap of $2.35 trillion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98. The stock’s 50 day moving average price is $182.20 and its two-hundred day moving average price is $173.01. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $201.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. During the same quarter in the previous year, the business posted $1.55 earnings per share. Equities analysts expect that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Wall Street Analyst Weigh In

A number of analysts recently commented on GOOGL shares. Wells Fargo & Company lifted their target price on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Evercore ISI increased their target price on shares of Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets restated an “outperform” rating and set a $217.00 price objective (up from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Finally, Wedbush raised their target price on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday. Nine research 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $207.08.

Insider Activity

In other Alphabet news, Director Frances Arnold sold 441 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now directly owns 16,490 shares in the company, valued at $2,820,779.40. This represents a 2.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $167.23, for a total value of $473,929.82. Following the completion of the transaction, the chief accounting officer now owns 26,349 shares of the company’s stock, valued at $4,406,343.27. The trade was a 9.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,887 shares of company stock worth $27,996,356. Company insiders own 11.55% of the company’s stock.

About Alphabet

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.