Heartwood Wealth Advisors LLC Increases Holdings in Alphabet Inc. (NASDAQ:GOOG)

Heartwood Wealth Advisors LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.5% in the fourth quarter, Holdings Channel reports. The firm owned 11,241 shares of the information services provider’s stock after buying an additional 61 shares during the quarter. Heartwood Wealth Advisors LLC’s holdings in Alphabet were worth $2,141,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Prudential PLC grew its stake in shares of Alphabet by 15.7% in the second quarter. Prudential PLC now owns 527,604 shares of the information services provider’s stock worth $96,773,000 after acquiring an additional 71,452 shares during the period. Financial Futures Ltd Liability Co. grew its position in Alphabet by 5.6% during the second quarter. Financial Futures Ltd Liability Co. now owns 7,488 shares of the information services provider’s stock valued at $1,373,000 after buying an additional 400 shares during the period. Clifford Swan Investment Counsel LLC raised its position in Alphabet by 0.3% in the second quarter. Clifford Swan Investment Counsel LLC now owns 161,049 shares of the information services provider’s stock worth $29,540,000 after acquiring an additional 480 shares during the period. Roof Eidam Maycock Peralta LLC raised its holdings in Alphabet by 0.4% in the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 26,572 shares of the information services provider’s stock worth $4,874,000 after purchasing an additional 116 shares during the period. Finally, Choreo LLC increased its position in Alphabet by 139.8% in the second quarter. Choreo LLC now owns 202,905 shares of the information services provider’s stock worth $37,425,000 after buying an additional 118,278 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Down 0.4 %

NASDAQ GOOG traded down $0.86 on Friday, reaching $194.53. 10,253,391 shares of the stock traded hands, compared to its average volume of 15,209,042. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $202.88. The company has a market cap of $2.38 trillion, a price-to-earnings ratio of 25.80, a PEG ratio of 1.34 and a beta of 0.99. The company has a fifty day moving average price of $183.71 and a 200-day moving average price of $174.52. 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 (NASDAQ:GOOG) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 EPS. As a group, research analysts forecast that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. Alphabet’s payout ratio is 10.61%.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the sale, the chief executive officer now owns 2,106,806 shares in the company, valued at approximately $350,361,837.80. The trade was a 1.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the transaction, the director now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,887 shares of company stock valued at $27,996,356 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on GOOG. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. UBS Group upped their target price on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Pivotal Research raised their price target on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup boosted their target price on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price target on shares of Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

Alphabet Company 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.