Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,533 shares of the information services provider’s stock after acquiring an additional 207 shares during the quarter. Alphabet makes up approximately 1.0% of Regent Peak Wealth Advisors LLC’s holdings, making the stock its 21st biggest holding. Regent Peak Wealth Advisors LLC’s holdings in Alphabet were worth $4,455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co lifted its holdings in shares of Alphabet by 6.4% during the 4th quarter. Diversified Trust Co now owns 299,135 shares of the information services provider’s stock worth $56,626,000 after acquiring an additional 17,950 shares during the period. APEIRON CAPITAL Ltd acquired a new position in Alphabet during the fourth quarter worth approximately $6,720,000. Ridgeline Wealth LLC purchased a new position in Alphabet during the fourth quarter worth approximately $263,000. ShankerValleau Wealth Advisors Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $387,000. Finally, Canandaigua National Trust Co of Florida grew its stake in shares of Alphabet by 29.0% during the 4th quarter. Canandaigua National Trust Co of Florida now owns 11,571 shares of the information services provider’s stock valued at $2,190,000 after buying an additional 2,600 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GOOGL. Tigress Financial increased their target price on Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 26th. Loop Capital raised their price objective on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Evercore ISI increased their target price on shares of Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Pivotal Research boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $206.82.

Alphabet Stock Performance

Shares of Alphabet stock traded down $0.43 during trading hours on Tuesday, reaching $196.44. The company’s stock had a trading volume of 14,569,351 shares, compared to its average volume of 20,711,287. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a one year low of $130.66 and a one year high of $201.42. The company’s 50 day simple moving average is $180.84 and its 200 day simple moving average is $172.60. The stock has a market cap of $2.40 trillion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter last year, the company posted $1.55 earnings per share. As a group, analysts expect that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.41%. Alphabet’s payout ratio is currently 10.61%.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 22,500 shares of the company’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 completion of the sale, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This represents a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $167.23, for a total transaction of $473,929.82. Following the completion of the transaction, the chief accounting officer now owns 26,349 shares of the company’s stock, valued at $4,406,343.27. This trade represents a 9.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 155,887 shares of company stock valued at $27,996,356 over the last three months. Company insiders own 11.55% of the company’s stock.

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.