4,513 Shares in Alphabet Inc. (NASDAQ:GOOGL) Acquired by Breakthru Advisory Services LLC

Breakthru Advisory Services LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,513 shares of the information services provider's stock, valued at approximately $854,000. Alphabet comprises approximately 0.8% of Breakthru Advisory Services LLC's portfolio, making the stock its 18th largest holding.

Several other institutional investors also recently bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new position in shares of Alphabet during the fourth quarter valued at about $883,000. Stonebridge Financial Planning Group LLC boosted its stake in Alphabet by 5.8% in the 4th quarter. Stonebridge Financial Planning Group LLC now owns 4,275 shares of the information services provider's stock worth $809,000 after purchasing an additional 235 shares in the last quarter. Breed s Hill Capital LLC grew its position in Alphabet by 133.0% during the 4th quarter. Breed s Hill Capital LLC now owns 11,347 shares of the information services provider's stock worth $2,148,000 after purchasing an additional 6,477 shares during the last quarter. Vise Technologies Inc. increased its stake in Alphabet by 55.9% during the 4th quarter. Vise Technologies Inc. now owns 105,113 shares of the information services provider's stock valued at $19,898,000 after purchasing an additional 37,690 shares in the last quarter. Finally, Retirement Planning Group LLC increased its stake in Alphabet by 7.0% during the 4th quarter. Retirement Planning Group LLC now owns 13,469 shares of the information services provider's stock valued at $2,550,000 after purchasing an additional 877 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOGL stock opened at $170.87 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The business's 50 day moving average is $158.42 and its two-hundred day moving average is $174.89. The company has a market capitalization of $2.07 trillion, a P/E ratio of 21.23, a P/E/G ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the prior year, the company posted $1.89 EPS. Analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.49%. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GOOGL. Jefferies Financial Group dropped their price objective on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, March 31st. DZ Bank cut Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target for the company. in a research report on Thursday, February 6th. Westpark Capital reiterated a "buy" rating and set a $210.00 price target on shares of Alphabet in a research note on Thursday, May 8th. Citigroup raised their price objective on Alphabet from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Finally, Mizuho decreased their target price on Alphabet from $230.00 to $205.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $199.75.

Insider Activity

In related news, CAO Amie Thuener O'toole sold 1,374 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the sale, the chief accounting officer now directly owns 15,024 shares in the company, valued at approximately $2,606,213.28. The trade was a 8.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 11,764 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the transaction, the insider now directly owns 49,037 shares of the company's stock, valued at approximately $8,181,333.08. This represents a 19.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 112,054 shares of company stock worth $17,722,605 over the last 90 days. 11.64% of the stock is currently owned by company 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.

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