NFP Retirement Inc. Grows Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

NFP Retirement Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,394 shares of the information services provider’s stock after buying an additional 174 shares during the quarter. NFP Retirement Inc.’s holdings in Alphabet were worth $1,021,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Alphabet by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock valued at $1,871,384,000 after buying an additional 337,031 shares in the last quarter. Headinvest LLC raised its stake in Alphabet by 0.8% during the 3rd quarter. Headinvest LLC now owns 47,634 shares of the information services provider’s stock worth $7,900,000 after acquiring an additional 363 shares during the period. Legacy Investment Solutions LLC purchased a new position in Alphabet during the third quarter valued at approximately $154,000. Dean Investment Associates LLC boosted its position in shares of Alphabet by 23.1% in the third quarter. Dean Investment Associates LLC now owns 2,025 shares of the information services provider’s stock worth $336,000 after purchasing an additional 380 shares during the period. Finally, Hodges Capital Management Inc. increased its stake in shares of Alphabet by 11.8% in the third quarter. Hodges Capital Management Inc. now owns 17,009 shares of the information services provider’s stock worth $2,821,000 after purchasing an additional 1,795 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,663 shares of company stock worth $20,286,447. Company insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 13th. KeyCorp lowered their price objective on Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Wolfe Research increased their target price on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Wedbush set a $190.00 price target on Alphabet and gave the stock an “outperform” rating in a report on Tuesday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $204.72.

Check Out Our Latest Stock Analysis on Alphabet

Alphabet Stock Performance

Shares of Alphabet stock opened at $156.31 on Wednesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average is $167.17 and its two-hundred day moving average is $176.14. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a market capitalization of $1.91 trillion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.

Alphabet Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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