CJM Wealth Advisers Ltd. Raises Position in Alphabet Inc. (NASDAQ:GOOGL)

CJM Wealth Advisers Ltd. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,774 shares of the information services provider’s stock after acquiring an additional 140 shares during the period. Alphabet makes up 0.3% of CJM Wealth Advisers Ltd.’s holdings, making the stock its 28th biggest holding. CJM Wealth Advisers Ltd.’s holdings in Alphabet were worth $904,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. Lantz Financial LLC raised its position in shares of Alphabet by 10.8% in the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after purchasing an additional 452 shares in the last quarter. Spectrum Wealth Advisory Group LLC bought a new position in Alphabet during the 2nd quarter valued at $218,000. Vance Wealth Inc. grew its holdings in Alphabet by 4.0% during the 2nd quarter. Vance Wealth Inc. now owns 3,089 shares of the information services provider’s stock worth $563,000 after acquiring an additional 119 shares in the last quarter. Tobam increased its position in shares of Alphabet by 64.3% in the 2nd quarter. Tobam now owns 24,833 shares of the information services provider’s stock worth $4,523,000 after purchasing an additional 9,718 shares during the last quarter. Finally, Abacus Planning Group Inc. raised its stake in shares of Alphabet by 4.0% in the 2nd quarter. Abacus Planning Group Inc. now owns 8,590 shares of the information services provider’s stock valued at $1,565,000 after purchasing an additional 331 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Sanford C. Bernstein lifted their target price on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Robert W. Baird reaffirmed an “outperform” rating and issued a $205.00 price objective on shares of Alphabet in a report on Tuesday, December 10th. The Goldman Sachs Group reissued a “buy” rating and set a $210.00 target price on shares of Alphabet in a report on Thursday, December 12th. Morgan Stanley lifted their price target on shares of Alphabet from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, KeyCorp increased their price objective on shares of Alphabet from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.82.

Read Our Latest Analysis on Alphabet

Alphabet Trading Down 0.8 %

Shares of NASDAQ:GOOGL opened at $193.95 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.35 and a beta of 0.98. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $201.42. The company has a 50 day moving average price of $182.20 and a 200 day moving average price of $173.01.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data 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 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 period last year, the company posted $1.55 EPS. On average, research analysts anticipate that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.41%. Alphabet’s payout ratio is presently 10.61%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $4,085,531.55. This represents a 12.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the 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 completion of the sale, the director now directly owns 282,832 shares of the company’s stock, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 155,887 shares of company stock valued at $27,996,356. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Company 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.

Further Reading

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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