Level Four Advisory Services LLC Acquires 968 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Level Four Advisory Services LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 137,271 shares of the information services provider’s stock after purchasing an additional 968 shares during the period. Alphabet accounts for approximately 1.1% of Level Four Advisory Services LLC’s portfolio, making the stock its 11th biggest holding. Level Four Advisory Services LLC’s holdings in Alphabet were worth $19,175,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GOOGL. DiNuzzo Private Wealth Inc. bought a new position in shares of Alphabet in the fourth quarter worth about $38,000. Meritage Group LP increased its stake in shares of Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the period. Armor Investment Advisors LLC grew its position in Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after buying an additional 80 shares in the last quarter. IAG Wealth Partners LLC grew its position in Alphabet by 55.9% during the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after buying an additional 123 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in Alphabet during the fourth quarter worth about $55,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

GOOGL stock opened at $173.55 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The company has a 50 day moving average price of $160.13 and a 200 day moving average price of $146.39. Alphabet Inc. has a fifty-two week low of $115.35 and a fifty-two week high of $178.77. The stock has a market capitalization of $2.14 trillion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter in the previous year, the company posted $1.17 EPS. Analysts forecast that Alphabet Inc. will post 7.61 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, June 10th.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the sale, the chief accounting officer now owns 28,602 shares in the company, valued at approximately $3,903,886.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now owns 28,602 shares in the company, valued at approximately $3,903,886.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the sale, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 205,935 shares of company stock worth $31,178,987. Insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent research reports. Barclays lifted their target price on Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted their target price on Alphabet from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Oppenheimer lifted their target price on Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Robert W. Baird lifted their target price on Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Loop Capital lifted their target price on Alphabet from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $190.60.

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.