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St. Louis Financial Planners Asset Management LLC Has $5.82 Million Stock Position in Alphabet Inc. $GOOGL

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Key Points

  • St. Louis Financial Planners Asset Management LLC increased its stake in Alphabet by 18.9% to 18,604 shares, valued at about $5.823 million, making GOOGL its fifth-largest holding (≈3.6% of the firm's portfolio).
  • Alphabet beat Q4 expectations with $2.82 EPS vs. $2.57 expected and revenue of $113.83 billion, trades with a market cap of about $3.65 trillion and a P/E of 27.94, and recently initiated a quarterly dividend of $0.21 (0.3% yield).
  • Large institutions (Vanguard, State Street, Geode, Capital World, Norges Bank) have boosted positions and institutional ownership is ~40.03%, yet insiders sold roughly 2.11 million shares (~$118 million) last quarter; analysts' consensus is a “Moderate Buy” with an average target of $367.18.
  • MarketBeat previews top five stocks to own in May.

St. Louis Financial Planners Asset Management LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 18.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,604 shares of the information services provider's stock after purchasing an additional 2,951 shares during the period. Alphabet comprises approximately 3.6% of St. Louis Financial Planners Asset Management LLC's holdings, making the stock its 5th biggest holding. St. Louis Financial Planners Asset Management LLC's holdings in Alphabet were worth $5,823,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GOOGL. Vanguard Group Inc. boosted its position in Alphabet by 1.3% in the second quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider's stock valued at $91,033,300,000 after buying an additional 6,733,278 shares in the last quarter. State Street Corp increased its holdings in shares of Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock worth $40,524,841,000 after buying an additional 4,008,374 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Alphabet by 3.1% during the second quarter. Geode Capital Management LLC now owns 141,615,284 shares of the information services provider's stock worth $24,857,017,000 after buying an additional 4,224,497 shares in the last quarter. Norges Bank bought a new position in shares of Alphabet in the second quarter valued at approximately $21,944,208,000. Finally, Capital World Investors raised its stake in shares of Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after acquiring an additional 11,605,785 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Up 0.3%

GOOGL stock opened at $302.00 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $349.00. The company has a market cap of $3.65 trillion, a P/E ratio of 27.94, a PEG ratio of 1.76 and a beta of 1.10. The business has a fifty day moving average of $317.03 and a 200-day moving average of $294.07.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.25. The business had revenue of $113.83 billion for the quarter, compared to analysts' expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet's dividend payout ratio (DPR) is 7.77%.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 47,574 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares in the company, valued at $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the transaction, the director directly owned 4,631 shares in the company, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,110,165 shares of company stock worth $118,134,117 over the last quarter. Company insiders own 11.55% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Analysts Set New Price Targets

A number of research firms recently commented on GOOGL. Citizens Jmp restated a "market outperform" rating and set a $385.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Sanford C. Bernstein lifted their price objective on Alphabet from $305.00 to $335.00 and gave the company a "market perform" rating in a research report on Monday, February 2nd. Loop Capital increased their target price on Alphabet from $320.00 to $355.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Citigroup raised their target price on Alphabet from $350.00 to $390.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $375.00 price target (up from $330.00) on shares of Alphabet in a research report on Tuesday, January 13th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $367.18.

View Our Latest Report on GOOGL

About Alphabet

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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