Integrity Wealth Advisors Inc. Acquires New Stake in Alphabet Inc. (NASDAQ:GOOGL)

Integrity Wealth Advisors Inc. bought a new position in Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,194 shares of the information services provider’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Delaney Dennis R grew its position in Alphabet by 2.2% in the fourth quarter. Delaney Dennis R now owns 50,283 shares of the information services provider’s stock worth $9,519,000 after acquiring an additional 1,085 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in shares of Alphabet by 3.3% in the 4th quarter. Anchor Investment Management LLC now owns 102,799 shares of the information services provider’s stock worth $19,460,000 after purchasing an additional 3,279 shares in the last quarter. Adams Wealth Management increased its position in shares of Alphabet by 6.4% during the 4th quarter. Adams Wealth Management now owns 18,618 shares of the information services provider’s stock valued at $3,524,000 after purchasing an additional 1,113 shares during the last quarter. Kane Investment Management Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at about $2,255,000. Finally, Lafayette Investments Inc. lifted its position in Alphabet by 5.0% in the 4th quarter. Lafayette Investments Inc. now owns 3,759 shares of the information services provider’s stock worth $712,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the transaction, the chief executive officer now directly owns 2,685,196 shares in the company, valued at approximately $419,320,207.36. This represents a 1.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,163 shares of company stock valued at $25,361,647. Insiders own 11.55% of the company’s stock.

Alphabet Stock Down 1.5 %

Shares of GOOGL stock opened at $151.08 on Friday. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $165.14 and its two-hundred day simple moving average is $175.77. The stock has a market cap of $1.84 trillion, a P/E ratio of 18.77, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio is 9.94%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Truist Financial decreased their price target on shares of Alphabet from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday. Stifel Nicolaus boosted their price target on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Piper Sandler reduced their price objective on Alphabet from $208.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. UBS Group set a $190.00 target price on Alphabet in a research note on Thursday, March 27th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $205.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $200.74.

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.