Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Elite Life Management LLC

by · The Markets Daily

Elite Life Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,150 shares of the information services provider’s stock after purchasing an additional 65 shares during the period. Alphabet accounts for 2.3% of Elite Life Management LLC’s investment portfolio, making the stock its 10th largest holding. Elite Life Management LLC’s holdings in Alphabet were worth $790,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC raised its position in Alphabet by 6.8% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider’s stock worth $3,094,000 after buying an additional 1,041 shares during the last quarter. Coldstream Capital Management Inc. raised its position in Alphabet by 14.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider’s stock worth $19,642,000 after buying an additional 14,738 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Alphabet by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider’s stock valued at $50,488,000 after purchasing an additional 4,292 shares in the last quarter. Requisite Capital Management LLC acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $927,000. Finally, Stevens Capital Management LP boosted its stake in shares of Alphabet by 172.9% during the 3rd quarter. Stevens Capital Management LP now owns 91,237 shares of the information services provider’s stock worth $15,254,000 after acquiring an additional 57,810 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GOOG. Benchmark reissued a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Oppenheimer boosted their price target on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Finally, Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $209.13.

View Our Latest Report on Alphabet

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,374 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares of the company’s stock, valued at approximately $2,606,213.28. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,682 shares of company stock worth $17,901,024 over the last quarter. 12.99% of the stock is currently owned by company insiders.

Alphabet Price Performance

GOOG opened at $169.00 on Thursday. The firm has a market cap of $2.06 trillion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $140.01 and a fifty-two week high of $208.70. The company’s 50-day moving average price is $188.44 and its 200 day moving average price is $178.02. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet’s payout ratio is currently 9.94%.

Alphabet 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.

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