Quad Cities Investment Group LLC Acquires 157 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Quad Cities Investment Group LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,331 shares of the information services provider’s stock after acquiring an additional 157 shares during the quarter. Quad Cities Investment Group LLC’s holdings in Alphabet were worth $820,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Quantum Financial Advisors LLC increased its holdings in Alphabet by 32.3% in the 4th quarter. Quantum Financial Advisors LLC now owns 11,186 shares of the information services provider’s stock worth $2,117,000 after acquiring an additional 2,734 shares during the last quarter. Ignite Planners LLC increased its holdings in Alphabet by 0.4% in the 4th quarter. Ignite Planners LLC now owns 15,078 shares of the information services provider’s stock worth $2,892,000 after acquiring an additional 57 shares during the last quarter. David J Yvars Group increased its holdings in Alphabet by 3.9% in the 4th quarter. David J Yvars Group now owns 4,456 shares of the information services provider’s stock worth $843,000 after acquiring an additional 166 shares during the last quarter. Tlwm increased its holdings in Alphabet by 2.6% in the 4th quarter. Tlwm now owns 11,781 shares of the information services provider’s stock worth $2,230,000 after acquiring an additional 297 shares during the last quarter. Finally, McNaughton Wealth Management LLC grew its holdings in Alphabet by 2.9% during the 4th quarter. McNaughton Wealth Management LLC now owns 7,002 shares of the information services provider’s stock valued at $1,326,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on Alphabet from $212.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Alphabet in a report on Wednesday, October 30th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Stifel Nicolaus lifted their target price on Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday. Finally, Bank of America reaffirmed a “buy” rating and set a $210.00 target price on shares of Alphabet in a report on Monday, December 23rd. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.15.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. This represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock worth $24,368,654 over the last quarter. 11.55% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOGL stock opened at $195.55 on Thursday. 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 fifty-two week low of $130.66 and a fifty-two week high of $201.42. The stock has a 50 day moving average price of $183.45 and a two-hundred day moving average price of $173.04. The company has a market capitalization of $2.39 trillion, a P/E ratio of 25.94, a PEG 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 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the prior year, the company earned $1.55 earnings per share. Analysts expect that Alphabet Inc. will post 8.01 earnings per share for the current 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 issued 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 dividend yield of 0.41%. Alphabet’s dividend payout ratio is presently 10.61%.

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.