Brave Asset Management Inc. Has $2.40 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Brave Asset Management Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,674 shares of the information services provider’s stock after selling 200 shares during the period. Alphabet comprises 0.8% of Brave Asset Management Inc.’s holdings, making the stock its 19th largest holding. Brave Asset Management Inc.’s holdings in Alphabet were worth $2,399,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Lantz Financial LLC grew its stake in shares of Alphabet by 10.8% during the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $842,000 after buying an additional 452 shares during the last quarter. Spectrum Wealth Advisory Group LLC acquired a new position in Alphabet during the 2nd quarter worth about $218,000. ANTIPODES PARTNERS Ltd grew its position in shares of Alphabet by 610.4% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 411,936 shares of the information services provider’s stock valued at $75,034,000 after buying an additional 353,949 shares during the last quarter. Defined Wealth Management LLC increased its stake in shares of Alphabet by 5.6% in the second quarter. Defined Wealth Management LLC now owns 2,712 shares of the information services provider’s stock valued at $494,000 after buying an additional 145 shares during the period. Finally, Denver PWM LLC bought a new position in shares of Alphabet during the second quarter worth about $41,000. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Performance

Shares of Alphabet stock opened at $196.00 on Friday. The firm has a market capitalization of $2.40 trillion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. 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 business’s fifty day simple moving average is $184.08 and its 200 day simple moving average is $173.33. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $201.42.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same period in the previous year, the firm earned $1.55 EPS. As a group, analysts anticipate that Alphabet Inc. will post 8.03 EPS 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 paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. Alphabet’s payout ratio is currently 10.61%.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the transaction, the chief accounting officer now owns 17,847 shares in the company, valued at $3,468,029.04. This trade represents a 13.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the sale, the chief executive officer now owns 2,084,306 shares in the company, valued at $369,672,512.16. The trade was a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 133,387 shares of company stock valued at $24,368,654. 11.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on GOOGL shares. China Renaissance raised shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Wednesday, October 30th. Truist Financial upped their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Loop Capital lifted their price objective on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $208.15.

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.