Lifelong Wealth Advisors Inc. Acquires Shares of 1,375 Alphabet Inc. (NASDAQ:GOOGL)

Lifelong Wealth Advisors Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,375 shares of the information services provider’s stock, valued at approximately $260,000.

Several other institutional investors have also modified their holdings of GOOGL. NFJ Investment Group LLC boosted its stake in Alphabet by 41.0% during the 4th quarter. NFJ Investment Group LLC now owns 110,349 shares of the information services provider’s stock valued at $20,889,000 after acquiring an additional 32,079 shares during the last quarter. Evergreen Capital Management LLC lifted its position in shares of Alphabet by 32.6% during the fourth quarter. Evergreen Capital Management LLC now owns 204,812 shares of the information services provider’s stock worth $38,771,000 after purchasing an additional 50,374 shares during the last quarter. Acorns Advisers LLC increased its holdings in Alphabet by 4.8% in the fourth quarter. Acorns Advisers LLC now owns 4,012 shares of the information services provider’s stock valued at $759,000 after buying an additional 182 shares during the last quarter. Finward Bancorp bought a new stake in Alphabet in the fourth quarter valued at about $435,000. Finally, Operose Advisors LLC raised its stake in Alphabet by 5.0% during the fourth quarter. Operose Advisors LLC now owns 11,940 shares of the information services provider’s stock valued at $2,260,000 after buying an additional 570 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Price Performance

GOOGL stock opened at $151.08 on Friday. The firm has a 50-day moving average of $165.14 and a two-hundred day moving average of $175.77. The firm has a market capitalization of $1.84 trillion, a PE ratio of 18.77, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GOOGL. Stifel Nicolaus raised their price objective on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. KeyCorp decreased their price target on shares of Alphabet from $220.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Bank of America reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Rosenblatt Securities restated a “neutral” rating and issued a $205.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Finally, JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research report on Thursday, April 10th. Ten investment 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’s stock. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $200.74.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,163 shares of company stock worth $25,361,647. 11.55% of the stock is currently owned by company insiders.

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.