Greenwood Gearhart Inc. Acquires 685 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Greenwood Gearhart Inc. increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 50.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,051 shares of the information services provider’s stock after buying an additional 685 shares during the period. Greenwood Gearhart Inc.’s holdings in Alphabet were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. MSH Capital Advisors LLC purchased a new position in Alphabet in the fourth quarter worth about $2,301,000. Zacks Investment Management lifted its position in Alphabet by 3.4% in the 4th quarter. Zacks Investment Management now owns 1,221,901 shares of the information services provider’s stock valued at $231,306,000 after acquiring an additional 39,650 shares in the last quarter. KilterHowling LLC bought a new stake in shares of Alphabet in the 4th quarter worth $221,000. NewEdge Advisors LLC lifted its holdings in shares of Alphabet by 6.2% during the fourth quarter. NewEdge Advisors LLC now owns 482,100 shares of the information services provider’s stock valued at $91,262,000 after purchasing an additional 27,992 shares in the last quarter. Finally, Everest Management Corp. purchased a new stake in shares of Alphabet during the fourth quarter valued at $9,162,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $151.08 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The business has a 50 day simple moving average of $165.14 and a two-hundred day simple moving average of $175.84. The stock 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.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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%. On average, research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.53%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 17,690 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the transaction, the insider now owns 43,111 shares in the company, valued at $7,997,521.61. The trade was a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of the firm’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 owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,163 shares of company stock worth $25,361,647. 11.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group set a $190.00 price target on shares of Alphabet in a report on Thursday, March 27th. Piper Sandler lowered their price target on Alphabet from $208.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Wedbush set a $190.00 price objective on Alphabet and gave the stock an “outperform” rating in a report on Tuesday. Rosenblatt Securities reissued a “neutral” rating and issued a $205.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Finally, KeyCorp reduced their price target on shares of Alphabet from $220.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $200.74.

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.