SFG Wealth Management LLC. Sells 5,508 Shares of Alphabet Inc. (NASDAQ:GOOGL)

SFG Wealth Management LLC. lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 54.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,579 shares of the information services provider’s stock after selling 5,508 shares during the period. SFG Wealth Management LLC.’s holdings in Alphabet were worth $867,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOGL. Lantz Financial LLC boosted its holdings in Alphabet by 10.8% in the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $842,000 after acquiring an additional 452 shares in the last quarter. Evernest Financial Advisors LLC grew its position in Alphabet by 0.7% during the 2nd quarter. Evernest Financial Advisors LLC now owns 11,576 shares of the information services provider’s stock valued at $2,109,000 after purchasing an additional 81 shares during the last quarter. Marco Investment Management LLC increased its stake in Alphabet by 3.1% during the 2nd quarter. Marco Investment Management LLC now owns 69,839 shares of the information services provider’s stock valued at $12,721,000 after purchasing an additional 2,088 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in Alphabet by 1.6% in the second quarter. HHM Wealth Advisors LLC now owns 8,074 shares of the information services provider’s stock worth $1,471,000 after buying an additional 130 shares during the last quarter. Finally, Wellington Shields & Co. LLC lifted its stake in shares of Alphabet by 0.9% in the second quarter. Wellington Shields & Co. LLC now owns 16,349 shares of the information services provider’s stock worth $2,978,000 after buying an additional 150 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $197.98 on Friday. The firm has a fifty day simple moving average of $185.46 and a two-hundred day simple moving average of $173.55. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $202.29. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.42 trillion, a P/E ratio of 26.26, a PEG ratio of 1.27 and a beta of 0.98.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the previous year, the firm posted $1.55 earnings per share. On average, analysts expect that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. Alphabet’s dividend payout ratio is presently 10.61%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GOOGL shares. Sanford C. Bernstein boosted their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. KeyCorp upped their price target on Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Scotiabank upgraded Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Royal Bank of Canada raised their price target on shares of Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Bank of America reissued a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $208.67.

Check Out Our Latest Report on GOOGL

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now directly owns 23,515 shares in the company, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,387 shares of company stock valued at $24,368,654 over the last three months. 11.55% of the stock is owned by company insiders.

About Alphabet

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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