Strategic Wealth Partners Ltd. Purchases 262 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Strategic Wealth Partners Ltd. boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,564 shares of the information services provider’s stock after acquiring an additional 262 shares during the period. Alphabet accounts for about 1.3% of Strategic Wealth Partners Ltd.’s holdings, making the stock its 14th biggest position. Strategic Wealth Partners Ltd.’s holdings in Alphabet were worth $15,182,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Alphabet by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock worth $10,559,240,000 after buying an additional 4,567,275 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in Alphabet by 0.9% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 23,533 shares of the information services provider’s stock valued at $4,455,000 after buying an additional 207 shares in the last quarter. Wealth Group Ltd. increased its holdings in Alphabet by 5.2% during the 4th quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider’s stock worth $299,000 after acquiring an additional 78 shares during the period. R.H. Investment Group LLC bought a new position in Alphabet in the 4th quarter valued at $1,475,000. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in Alphabet by 9.5% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 24,470 shares of the information services provider’s stock valued at $4,632,000 after purchasing an additional 2,115 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 29,066 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the transaction, the director now owns 272,466 shares in the company, valued at $50,376,238.74. The trade was a 9.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total transaction of $5,066,750.00. Following the sale, the chief executive officer now directly owns 2,652,696 shares in the company, valued at $413,555,306.40. This trade represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 179,324 shares of company stock valued at $30,153,353 in the last three months. 11.64% of the stock is currently owned by company insiders.

Alphabet Price Performance

GOOGL stock opened at $166.19 on Friday. The firm has a 50-day moving average of $158.21 and a 200 day moving average of $175.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market cap of $2.02 trillion, a P/E ratio of 20.64, a PEG ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $76.49 billion during the quarter, compared to analysts’ expectations of $89.30 billion. During the same quarter last year, the business posted $1.89 EPS. On average, sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Monday, June 9th. This is a boost from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s payout ratio is 9.36%.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research analyst reports. UBS Group set a $195.00 price target on shares of Alphabet in a report on Friday, April 25th. Jefferies Financial Group decreased their target price on Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a report on Tuesday, May 6th. Needham & Company LLC reissued a “buy” rating and set a $178.00 price objective on shares of Alphabet in a report on Friday, April 25th. Finally, Roth Mkm restated a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $199.75.

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.