Searcy Financial Services Inc. ADV Cuts Position in Alphabet Inc. (NASDAQ:GOOG)

Searcy Financial Services Inc. ADV reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,407 shares of the information services provider’s stock after selling 1,210 shares during the quarter. Alphabet comprises approximately 5.5% of Searcy Financial Services Inc. ADV’s holdings, making the stock its 10th largest position. Searcy Financial Services Inc. ADV’s holdings in Alphabet were worth $11,885,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its position in Alphabet by 0.3% in the 2nd quarter. Parallel Advisors LLC now owns 295,320 shares of the information services provider’s stock valued at $54,168,000 after purchasing an additional 927 shares during the last quarter. TMD Wealth Management LLC raised its holdings in shares of Alphabet by 0.8% during the second quarter. TMD Wealth Management LLC now owns 11,328 shares of the information services provider’s stock valued at $2,078,000 after buying an additional 87 shares during the last quarter. Thoroughbred Financial Services LLC boosted its position in shares of Alphabet by 22.9% during the second quarter. Thoroughbred Financial Services LLC now owns 101,423 shares of the information services provider’s stock worth $18,603,000 after buying an additional 18,893 shares during the period. Wealthspire Advisors LLC grew its holdings in Alphabet by 7.3% in the 2nd quarter. Wealthspire Advisors LLC now owns 140,844 shares of the information services provider’s stock worth $25,834,000 after buying an additional 9,613 shares in the last quarter. Finally, Stolper Co increased its position in Alphabet by 1.8% in the 2nd quarter. Stolper Co now owns 49,756 shares of the information services provider’s stock valued at $9,126,000 after acquiring an additional 902 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Down 0.5 %

Shares of NASDAQ:GOOG opened at $192.29 on Tuesday. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $202.88. 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 company has a market cap of $2.35 trillion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The firm has a 50 day simple moving average of $184.55 and a 200 day simple moving average of $174.49.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. Alphabet’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 earnings per share. As a group, research analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a $0.20 dividend. 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 dividend payout ratio (DPR) is 10.61%.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the transaction, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This represents a 1.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the sale, the director now owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. This represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 153,053 shares of company stock worth $27,559,701. 12.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GOOG. Citigroup boosted their price target on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Canaccord Genuity Group increased their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Pivotal Research boosted their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $200.56.

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.