UP Strategic Wealth Investment Advisors LLC Raises Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

UP Strategic Wealth Investment Advisors LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 32.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,935 shares of the information services provider's stock after purchasing an additional 2,935 shares during the period. Alphabet accounts for approximately 2.3% of UP Strategic Wealth Investment Advisors LLC's holdings, making the stock its 11th biggest holding. UP Strategic Wealth Investment Advisors LLC's holdings in Alphabet were worth $2,259,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GOOGL. Three Seasons Wealth LLC acquired a new position in Alphabet during the fourth quarter valued at approximately $634,000. Cheviot Value Management LLC boosted its position in shares of Alphabet by 0.5% during the fourth quarter. Cheviot Value Management LLC now owns 197,143 shares of the information services provider's stock worth $37,319,000 after purchasing an additional 893 shares in the last quarter. Voya Financial Advisors Inc. increased its position in shares of Alphabet by 3.7% in the 4th quarter. Voya Financial Advisors Inc. now owns 24,697 shares of the information services provider's stock valued at $4,723,000 after buying an additional 883 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in Alphabet by 0.6% during the 4th quarter. Lord Abbett & CO. LLC now owns 2,658,878 shares of the information services provider's stock worth $503,326,000 after buying an additional 14,989 shares during the period. Finally, Voyager Global Management LP lifted its holdings in shares of Alphabet by 0.9% during the 4th quarter. Voyager Global Management LP now owns 2,675,000 shares of the information services provider's stock valued at $506,378,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Down 0.1 %

Shares of GOOGL traded down $0.22 during trading hours on Tuesday, reaching $160.39. 17,819,430 shares of the stock traded hands, compared to its average volume of 28,257,097. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The stock has a fifty day simple moving average of $161.69 and a 200 day simple moving average of $175.60.

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

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.52%. Alphabet's dividend payout ratio is presently 9.36%.

Analysts Set New Price Targets

Several research firms recently commented on GOOGL. Stifel Nicolaus cut their price objective on shares of Alphabet from $225.00 to $192.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Roth Mkm reissued a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $200.00 target price (down previously from $230.00) on shares of Alphabet in a research report on Thursday, April 17th. Mizuho reduced their price objective on shares of Alphabet from $230.00 to $205.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley lowered their target price on Alphabet from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and an average target price of $198.89.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,163 shares of company stock valued at $25,361,647. 11.55% of the stock is owned by insiders.

Alphabet 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.