Atlas Brown Inc. Buys 373 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Atlas Brown Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,229 shares of the information services provider’s stock after acquiring an additional 373 shares during the period. Atlas Brown Inc.’s holdings in Alphabet were worth $2,315,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. HBW Advisory Services LLC increased its position in shares of Alphabet by 20.3% during the fourth quarter. HBW Advisory Services LLC now owns 33,155 shares of the information services provider’s stock worth $6,276,000 after acquiring an additional 5,602 shares in the last quarter. Heartwood Wealth Advisors LLC boosted its stake in Alphabet by 2.3% during the 4th quarter. Heartwood Wealth Advisors LLC now owns 9,135 shares of the information services provider’s stock valued at $1,729,000 after purchasing an additional 209 shares during the last quarter. Sage Capital Advisors llc increased its holdings in Alphabet by 0.3% during the 4th quarter. Sage Capital Advisors llc now owns 64,564 shares of the information services provider’s stock worth $12,222,000 after purchasing an additional 196 shares in the last quarter. Highline Wealth Partners LLC lifted its holdings in shares of Alphabet by 22.7% in the fourth quarter. Highline Wealth Partners LLC now owns 23,164 shares of the information services provider’s stock valued at $4,385,000 after purchasing an additional 4,285 shares in the last quarter. Finally, CCM Investment Advisers LLC boosted its position in shares of Alphabet by 0.8% during the fourth quarter. CCM Investment Advisers LLC now owns 155,896 shares of the information services provider’s stock valued at $29,511,000 after buying an additional 1,307 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $164.95, for a total transaction of $247,425.00. Following the sale, the director now directly owns 26,324 shares in the company, valued at approximately $4,342,143.80. This trade represents a 5.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 441 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the transaction, the director now owns 16,490 shares of the company’s stock, valued at $2,820,779.40. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 155,887 shares of company stock worth $27,996,356 over the last three months. 11.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GOOGL shares. Evercore ISI raised their price objective on Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. KeyCorp boosted their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday. Wells Fargo & Company increased their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Roth Mkm boosted their target price on Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.08.

Alphabet Stock Down 1.0 %

GOOGL traded down $1.87 on Friday, hitting $192.08. The company had a trading volume of 20,091,382 shares, compared to its average volume of 23,121,313. The stock has a fifty day simple moving average of $182.20 and a 200-day simple moving average of $173.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market capitalization of $2.35 trillion, a P/E ratio of 25.47, a P/E/G ratio of 1.35 and a beta of 0.98. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42.

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

Alphabet Announces Dividend

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

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.