Alphabet Inc. $GOOGL Shares Bought by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 11.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,996 shares of the information services provider’s stock after buying an additional 3,657 shares during the quarter. Alphabet accounts for approximately 1.3% of Catalyst Financial Partners LLC’s portfolio, making the stock its 14th biggest position. Catalyst Financial Partners LLC’s holdings in Alphabet were worth $11,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PMV Capital Advisers LLC purchased a new position in shares of Alphabet in the 4th quarter valued at about $38,000. Kentucky Trust Co boosted its stake in shares of Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after buying an additional 100 shares during the period. iSAM Funds UK Ltd purchased a new position in shares of Alphabet in the 3rd quarter valued at about $53,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Alphabet in the 3rd quarter valued at about $53,000. Finally, Nvest Wealth Strategies Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GOOGL. Wedbush lifted their price objective on Alphabet from $360.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. DA Davidson lifted their price objective on Alphabet from $300.00 to $310.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Rothschild & Co Redburn boosted their target price on Alphabet from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Tigress Financial set a $415.00 target price on Alphabet and gave the stock a “strong-buy” rating in a research note on Thursday, February 19th. Finally, New Street Research boosted their target price on Alphabet from $380.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $412.94.

View Our Latest Report on Alphabet

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $380.34 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. The stock has a 50 day moving average of $345.77 and a two-hundred day moving average of $325.15. The stock has a market cap of $4.61 trillion, a P/E ratio of 29.01, a P/E/G ratio of 1.63 and a beta of 1.23.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. On average, research analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s dividend payout ratio is presently 6.41%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the transaction, the director owned 2,531 shares of the company’s stock, valued at approximately $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 955 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer directly owned 9,918 shares in the company, valued at approximately $2,955,564. The trade was a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 226,369 shares of company stock valued at $27,388,127. 11.61% of the stock is owned by company insiders.

Alphabet Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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