Fi3 FINANCIAL ADVISORS LLC Has $1.36 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Fi3 FINANCIAL ADVISORS LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,737 shares of the information services provider’s stock after selling 1,700 shares during the quarter. Alphabet makes up approximately 0.6% of Fi3 FINANCIAL ADVISORS LLC’s portfolio, making the stock its 20th biggest position. Fi3 FINANCIAL ADVISORS LLC’s holdings in Alphabet were worth $1,360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $38,000. Meritage Group LP raised its stake in shares of Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 276 shares during the last quarter. Macroview Investment Management LLC grew its stake in shares of Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Armor Investment Advisors LLC grew its stake in shares of Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares during the last quarter. Finally, IAG Wealth Partners LLC raised its position in Alphabet by 55.9% during the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on GOOGL. Canaccord Genuity Group lifted their price objective on Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Barclays lifted their target price on shares of Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Piper Sandler reiterated an “overweight” rating and set a $200.00 price target (up from $160.00) on shares of Alphabet in a report on Friday, April 26th. Stifel Nicolaus lifted their price objective on Alphabet from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, KeyCorp upped their target price on Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Five analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $190.60.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 48,076 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total transaction of $6,836,407.20. Following the completion of the transaction, the insider now owns 12,725 shares in the company, valued at $1,809,495. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, insider John Kent Walker sold 48,076 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $142.20, for a total transaction of $6,836,407.20. Following the sale, the insider now owns 12,725 shares in the company, valued at $1,809,495. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total value of $3,753,000.00. Following the completion of the transaction, the chief executive officer now owns 2,280,511 shares of the company’s stock, valued at $380,389,234.80. The disclosure for this sale can be found here. Insiders have sold 251,829 shares of company stock valued at $36,971,456 in the last 90 days. Insiders own 0.88% of the company’s stock.

Alphabet Trading Down 0.8 %

NASDAQ GOOGL opened at $168.65 on Monday. The business’s fifty day moving average is $153.32 and its 200-day moving average is $143.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The stock has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.29 and a beta of 1.02. Alphabet Inc. has a one year low of $114.41 and a one year high of $174.71.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Equities research analysts predict that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%.

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.