Signal Advisors Wealth LLC Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Signal Advisors Wealth LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 15.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,837 shares of the information services provider’s stock after purchasing an additional 2,092 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Alphabet were worth $2,998,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GOOGL. LMR Partners LLP bought a new position in shares of Alphabet during the third quarter valued at about $32,000. Denver PWM LLC purchased a new stake in Alphabet during the 2nd quarter valued at about $41,000. Quarry LP bought a new position in Alphabet during the 2nd quarter worth approximately $53,000. Teachers Insurance & Annuity Association of America purchased a new position in Alphabet in the 3rd quarter worth approximately $66,000. Finally, Mendota Financial Group LLC lifted its position in Alphabet by 19.0% in the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after purchasing an additional 64 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now directly owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the sale, the chief accounting officer now directly owns 26,349 shares of the company’s stock, valued at $4,516,745.58. The trade was a 4.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 130,553 shares of company stock worth $23,817,951 over the last three months. 11.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a report on Thursday, December 12th. Morgan Stanley boosted their price objective on shares of Alphabet from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Monday. Robert W. Baird reiterated an “outperform” rating and set a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Pivotal Research raised their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $217.00 price target (up previously from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $208.15.

Alphabet Price Performance

Shares of GOOGL opened at $189.66 on Wednesday. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $201.42. The company has a market capitalization of $2.32 trillion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98. The firm has a 50 day moving average of $183.45 and a 200 day moving average of $173.04. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter last year, the company earned $1.55 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

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.