Brady Family Wealth LLC Has $12.59 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Brady Family Wealth LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,481 shares of the information services provider’s stock after selling 2,116 shares during the quarter. Alphabet comprises 3.9% of Brady Family Wealth LLC’s portfolio, making the stock its 3rd biggest holding. Brady Family Wealth LLC’s holdings in Alphabet were worth $12,585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GOOGL. Winch Advisory Services LLC raised its position in shares of Alphabet by 1.3% during the 4th quarter. Winch Advisory Services LLC now owns 4,386 shares of the information services provider’s stock valued at $830,000 after purchasing an additional 58 shares during the period. Rovin Capital UT ADV increased its stake in Alphabet by 14.5% in the 4th quarter. Rovin Capital UT ADV now owns 9,910 shares of the information services provider’s stock worth $1,876,000 after buying an additional 1,253 shares in the last quarter. Outlook Wealth Advisors LLC raised its holdings in Alphabet by 4.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 13,815 shares of the information services provider’s stock valued at $2,615,000 after acquiring an additional 639 shares during the period. Keeler & Nadler Financial Planning & Wealth Management lifted its position in shares of Alphabet by 9.2% in the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 2,681 shares of the information services provider’s stock valued at $508,000 after acquiring an additional 225 shares in the last quarter. Finally, St. Louis Financial Planners Asset Management LLC lifted its position in shares of Alphabet by 11.3% in the fourth quarter. St. Louis Financial Planners Asset Management LLC now owns 13,938 shares of the information services provider’s stock valued at $2,639,000 after acquiring an additional 1,411 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Shares of GOOGL stock opened at $196.00 on Friday. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $201.42. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $184.08 and a two-hundred day simple moving average of $173.33. The stock has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 1.22 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS 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 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 in the previous year, the company posted $1.55 EPS. On average, analysts predict that Alphabet Inc. will post 8.03 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on GOOGL shares. Bank of America reissued a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a research report on Wednesday, October 30th. Roth Mkm lifted their price target on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their price target on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Finally, China Renaissance upgraded Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Nine investment 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $208.15.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on 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 owns 26,349 shares of the company’s stock, valued at approximately $4,516,745.58. The trade was a 4.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,084,306 shares of the company’s stock, valued at approximately $369,672,512.16. This represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,387 shares of company stock valued at $24,368,654. 11.55% of the stock is currently owned by corporate insiders.

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.