Heartwood Wealth Advisors LLC Has $2.14 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Heartwood Wealth Advisors LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,241 shares of the information services provider’s stock after purchasing an additional 61 shares during the period. Heartwood Wealth Advisors LLC’s holdings in Alphabet were worth $2,141,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. ORG Wealth Partners LLC boosted its position in Alphabet by 2.2% during the fourth quarter. ORG Wealth Partners LLC now owns 12,159 shares of the information services provider’s stock worth $2,316,000 after purchasing an additional 264 shares during the period. Avondale Wealth Management boosted its holdings in shares of Alphabet by 40.0% during the fourth quarter. Avondale Wealth Management now owns 700 shares of the information services provider’s stock worth $133,000 after acquiring an additional 200 shares during the period. ORG Partners LLC increased its stake in shares of Alphabet by 4.7% during the fourth quarter. ORG Partners LLC now owns 21,541 shares of the information services provider’s stock worth $4,103,000 after purchasing an additional 970 shares during the period. Baker Tilly Wealth Management LLC boosted its stake in Alphabet by 3.3% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 10,819 shares of the information services provider’s stock valued at $2,060,000 after purchasing an additional 346 shares during the period. Finally, Fortitude Family Office LLC grew its holdings in Alphabet by 0.7% in the 4th quarter. Fortitude Family Office LLC now owns 8,323 shares of the information services provider’s stock valued at $1,585,000 after buying an additional 60 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GOOG shares. Jefferies Financial Group raised their price target on shares of Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Scotiabank assumed coverage on shares of Alphabet in a research report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price target for the company. Oppenheimer increased their price target on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company raised their price target on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $200.56.

Alphabet Price Performance

Shares of GOOG stock traded down $0.86 during trading on Friday, hitting $194.53. The company had a trading volume of 10,253,391 shares, compared to its average volume of 15,209,042. The stock’s 50-day moving average is $183.71 and its two-hundred day moving average is $174.52. The stock has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $202.88.

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

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $164.95, for a total transaction of $247,425.00. Following the transaction, the director now directly owns 26,324 shares of the company’s stock, valued at approximately $4,342,143.80. The trade was a 5.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,368 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 155,887 shares of company stock worth $27,996,356 in the last ninety days. 12.99% of the stock is owned by 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.