Quantum Financial Advisors LLC Grows Stake in Alphabet Inc. (NASDAQ:GOOGL)

Quantum Financial Advisors LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 32.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,186 shares of the information services provider’s stock after acquiring an additional 2,734 shares during the period. Quantum Financial Advisors LLC’s holdings in Alphabet were worth $2,117,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Lantz Financial LLC grew its holdings in Alphabet by 10.8% during the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after buying an additional 452 shares in the last quarter. Spectrum Wealth Advisory Group LLC purchased a new position in Alphabet during the 2nd quarter valued at approximately $218,000. Vance Wealth Inc. grew its holdings in Alphabet by 4.0% during the 2nd quarter. Vance Wealth Inc. now owns 3,089 shares of the information services provider’s stock valued at $563,000 after buying an additional 119 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of Alphabet by 3.0% in the 2nd quarter. Simon Quick Advisors LLC now owns 46,429 shares of the information services provider’s stock worth $8,457,000 after purchasing an additional 1,338 shares during the period. Finally, Hodges Capital Management Inc. boosted its holdings in shares of Alphabet by 17.8% in the 2nd quarter. Hodges Capital Management Inc. now owns 15,214 shares of the information services provider’s stock worth $2,771,000 after purchasing an additional 2,302 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 3.1 %

Shares of GOOGL stock opened at $195.55 on Thursday. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $201.42. The stock’s fifty day moving average price is $183.45 and its 200 day moving average price is $173.04. 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 company has a market cap of $2.39 trillion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last announced its earnings results 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. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same period in the previous year, the business earned $1.55 EPS. On average, research analysts expect that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid 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 yield of 0.41%. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GOOGL shares. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a report on Wednesday, October 30th. Loop Capital lifted their target price on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Alphabet in a report on Wednesday, October 30th. Roth Mkm lifted their target price on Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Wedbush lifted their target price on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $208.15.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the sale, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the sale, the chief executive officer now owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. The trade was a 1.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock worth $24,368,654 in the last ninety days. 11.55% of the stock is owned by insiders.

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.