Alphabet Inc. (NASDAQ:GOOGL) is Paradigm Financial Partners LLC’s 7th Largest Position

Paradigm Financial Partners LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 69,529 shares of the information services provider’s stock after acquiring an additional 514 shares during the quarter. Alphabet accounts for approximately 2.4% of Paradigm Financial Partners LLC’s investment portfolio, making the stock its 7th biggest holding. Paradigm Financial Partners LLC’s holdings in Alphabet were worth $9,713,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Investment Research & Advisory Group Inc. increased its holdings in Alphabet by 0.9% during the 3rd quarter. Investment Research & Advisory Group Inc. now owns 43,349 shares of the information services provider’s stock worth $5,673,000 after acquiring an additional 395 shares during the period. Zullo Investment Group Inc. grew its position in Alphabet by 1.2% during the third quarter. Zullo Investment Group Inc. now owns 10,455 shares of the information services provider’s stock worth $1,368,000 after buying an additional 122 shares in the last quarter. Walkner Condon Financial Advisors LLC increased its stake in Alphabet by 15.4% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 15,819 shares of the information services provider’s stock worth $2,070,000 after acquiring an additional 2,115 shares during the last quarter. Accel Wealth Management boosted its position in shares of Alphabet by 2.7% during the 3rd quarter. Accel Wealth Management now owns 17,053 shares of the information services provider’s stock valued at $2,232,000 after acquiring an additional 448 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in shares of Alphabet by 0.3% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 112,602 shares of the information services provider’s stock worth $14,735,000 after purchasing an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

GOOGL stock opened at $167.24 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10. Alphabet Inc. has a 1 year low of $103.97 and a 1 year high of $174.71. The firm has a 50-day moving average of $150.14 and a 200 day moving average of $142.36. The company has a market cap of $2.08 trillion, a P/E ratio of 25.65, a PEG ratio of 1.28 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. During the same quarter in the prior year, the company earned $1.17 EPS. On average, sell-side analysts forecast that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, June 10th.

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the sale, the chief executive officer now owns 2,377,691 shares of the company’s stock, valued at $347,832,416.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction on Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the completion of the sale, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 275,129 shares of company stock worth $40,382,765. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on shares of Alphabet from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Evercore ISI increased their target price on Alphabet from $160.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Raymond James lifted their price target on Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Roth Mkm increased their price objective on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, BMO Capital Markets boosted their target price on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.60.

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.