ACT Advisors LLC. Acquires 241 Shares of Alphabet Inc. (NASDAQ:GOOGL)

ACT Advisors LLC. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 12.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,110 shares of the information services provider’s stock after purchasing an additional 241 shares during the period. ACT Advisors LLC.’s holdings in Alphabet were worth $399,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. LMR Partners LLP purchased a new position in Alphabet in the 3rd quarter worth approximately $32,000. Denver PWM LLC purchased a new position in Alphabet in the 2nd quarter worth approximately $41,000. Quarry LP purchased a new position in Alphabet in the 2nd quarter worth approximately $53,000. Teachers Insurance & Annuity Association of America purchased a new position in Alphabet in the 3rd quarter worth approximately $66,000. Finally, Mendota Financial Group LLC increased its stake in Alphabet by 19.0% in the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after purchasing an additional 64 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Down 1.4 %

Shares of Alphabet stock traded down $2.68 on Monday, reaching $189.36. The company had a trading volume of 7,961,162 shares, compared to its average volume of 21,980,590. The firm has a market cap of $2.32 trillion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 1.35 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm’s 50-day moving average price is $182.62 and its two-hundred day moving average price is $172.95. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $201.42.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during 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 quarter in the previous year, the business earned $1.55 EPS. As a group, research analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Stifel Nicolaus lifted their price target on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday. Sanford C. Bernstein lifted their price objective on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $190.00 price objective on shares of Alphabet in a research report on Wednesday, October 30th. Evercore ISI lifted their price objective on Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Nine equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $207.90.

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the transaction, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This trade represents a 1.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $167.23, for a total transaction of $473,929.82. Following the transaction, the chief accounting officer now directly owns 26,349 shares in the company, valued at $4,406,343.27. This trade represents a 9.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 154,387 shares of company stock valued at $27,748,931. 11.55% of the stock is currently owned by company insiders.

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.