Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 88.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,274 shares of the information services provider’s stock after purchasing an additional 2,478 shares during the quarter. Alphabet makes up approximately 0.4% of ORG Wealth Partners LLC’s investment portfolio, making the stock its 22nd largest position. ORG Wealth Partners LLC’s holdings in Alphabet were worth $998,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ridgewood Investments LLC boosted its holdings in shares of Alphabet by 3.0% during the 4th quarter. Ridgewood Investments LLC now owns 25,605 shares of the information services provider’s stock worth $4,847,000 after purchasing an additional 750 shares during the last quarter. ORG Partners LLC boosted its stake in Alphabet by 6.7% during the fourth quarter. ORG Partners LLC now owns 9,620 shares of the information services provider’s stock worth $1,822,000 after buying an additional 602 shares during the last quarter. Baker Tilly Wealth Management LLC grew its holdings in Alphabet by 4.6% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 24,190 shares of the information services provider’s stock valued at $4,579,000 after buying an additional 1,058 shares in the last quarter. CJM Wealth Advisers Ltd. increased its stake in shares of Alphabet by 3.0% in the 4th quarter. CJM Wealth Advisers Ltd. now owns 4,774 shares of the information services provider’s stock worth $904,000 after acquiring an additional 140 shares during the last quarter. Finally, Fortitude Family Office LLC raised its holdings in shares of Alphabet by 2.8% during the 4th quarter. Fortitude Family Office LLC now owns 9,171 shares of the information services provider’s stock worth $1,736,000 after acquiring an additional 249 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

GOOGL traded down $1.63 during trading on Friday, reaching $192.32. The company’s stock had a trading volume of 12,370,503 shares, compared to its average volume of 21,937,000. The company has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42. The company’s fifty day moving average price is $182.20 and its 200-day moving average price is $173.01.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the prior year, the business posted $1.55 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 37,134 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 1,368 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $3,961,445.55. This trade represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 155,887 shares of company stock worth $27,996,356 in the last ninety days. Insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GOOGL shares. Truist Financial increased their price objective on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wedbush raised their price objective on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday. Loop Capital upped their target price on shares of Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Sanford C. Bernstein increased their target price on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Finally, Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $207.08.

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.