Peak Retirement Planning Inc. Raises Stock Holdings in Alphabet Inc. $GOOGL

Peak Retirement Planning Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 16.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,764 shares of the information services provider’s stock after purchasing an additional 1,792 shares during the period. Alphabet accounts for about 0.9% of Peak Retirement Planning Inc.’s holdings, making the stock its 20th largest holding. Peak Retirement Planning Inc.’s holdings in Alphabet were worth $3,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parker Investment Management LLC lifted its stake in Alphabet by 3.8% in the third quarter. Parker Investment Management LLC now owns 224,311 shares of the information services provider’s stock worth $54,530,000 after acquiring an additional 8,167 shares during the period. Cooper Haims Advisors LLC raised its holdings in Alphabet by 1.7% in the 3rd quarter. Cooper Haims Advisors LLC now owns 3,464 shares of the information services provider’s stock worth $842,000 after purchasing an additional 59 shares in the last quarter. Money Concepts Capital Corp lifted its position in shares of Alphabet by 13.0% in the 3rd quarter. Money Concepts Capital Corp now owns 10,709 shares of the information services provider’s stock worth $2,603,000 after purchasing an additional 1,230 shares during the period. Atlantic Union Bankshares Corp boosted its stake in shares of Alphabet by 3.5% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 277,974 shares of the information services provider’s stock valued at $67,576,000 after purchasing an additional 9,336 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC bought a new stake in shares of Alphabet during the 3rd quarter valued at about $204,000. Institutional investors own 40.03% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $337.52, for a total transaction of $202,512.00. Following the completion of the sale, the director directly owned 21,224 shares in the company, valued at approximately $7,163,524.48. The trade was a 2.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $340.00, for a total value of $34,680.00. Following the completion of the transaction, the director owned 18,307 shares in the company, valued at approximately $6,224,380. This trade represents a 0.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,064,308 shares of company stock worth $104,383,469 in the last 90 days. Insiders own 11.55% of the company’s stock.

Alphabet Trading Down 1.1%

NASDAQ:GOOGL opened at $305.72 on Tuesday. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $349.00. The stock has a market cap of $3.70 trillion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.79 and a beta of 1.09. The company’s 50 day moving average price is $321.03 and its 200-day moving average price is $276.31. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The business had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. On average, equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be issued a $0.21 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 7.77%.

Wall Street Analysts Forecast Growth

Several analysts have commented on GOOGL shares. Robert W. Baird raised their price objective on shares of Alphabet from $310.00 to $350.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Argus increased their target price on Alphabet from $365.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Citic Securities lifted their price target on Alphabet from $230.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Canadian Imperial Bank of Commerce increased their price objective on Alphabet to $315.00 in a report on Monday, October 20th. Finally, Daiwa Securities Group boosted their target price on shares of Alphabet from $333.00 to $380.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $361.64.

View Our Latest Stock Report on GOOGL

About Alphabet

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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