Catalyst Financial Partners LLC Has $5.52 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Catalyst Financial Partners LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 29,145 shares of the information services provider’s stock after acquiring an additional 502 shares during the quarter. Alphabet makes up about 1.0% of Catalyst Financial Partners LLC’s investment portfolio, making the stock its 16th largest position. Catalyst Financial Partners LLC’s holdings in Alphabet were worth $5,517,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mcrae Capital Management Inc. lifted its stake in Alphabet by 3.0% in the fourth quarter. Mcrae Capital Management Inc. now owns 27,650 shares of the information services provider’s stock valued at $5,234,000 after acquiring an additional 810 shares during the last quarter. IMS Capital Management lifted its stake in Alphabet by 2.4% in the fourth quarter. IMS Capital Management now owns 14,034 shares of the information services provider’s stock valued at $2,657,000 after acquiring an additional 326 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Alphabet by 1.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,457,789 shares of the information services provider’s stock valued at $473,713,000 after acquiring an additional 35,798 shares during the last quarter. PayPay Securities Corp lifted its stake in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. Finally, Sunburst Financial Group LLC raised its position in shares of Alphabet by 3.0% in the fourth quarter. Sunburst Financial Group LLC now owns 7,071 shares of the information services provider’s stock valued at $1,339,000 after purchasing an additional 203 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GOOGL. Wolfe Research lifted their price target on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Stifel Nicolaus lifted their price target on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 13th. JMP Securities reissued a “market perform” rating on shares of Alphabet in a research report on Wednesday, February 5th. Morgan Stanley dropped their price target on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company lifted their price target on shares of Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Ten equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Insider Buying and Selling

In related news, Director Kavitark Ram Shriram sold 37,134 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now owns 282,832 shares in the company, valued at $52,329,576.64. This represents a 11.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the sale, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,299 shares of company stock worth $25,055,751 in the last 90 days. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Down 0.2 %

Shares of NASDAQ:GOOGL opened at $179.25 on Tuesday. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company’s fifty day moving average is $192.12 and its 200-day moving average is $176.05. The company has a market capitalization of $2.19 trillion, a PE ratio of 22.27, a P/E/G ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS 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 predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.45%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

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.