Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Lifted by Fulcrum Capital LLC

Fulcrum Capital LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,158 shares of the information services provider’s stock after purchasing an additional 348 shares during the quarter. Alphabet accounts for 4.2% of Fulcrum Capital LLC’s investment portfolio, making the stock its 6th biggest holding. Fulcrum Capital LLC’s holdings in Alphabet were worth $20,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lantz Financial LLC boosted its stake in shares of Alphabet by 10.8% in the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after buying an additional 452 shares in the last quarter. Spectrum Wealth Advisory Group LLC purchased a new stake in shares of Alphabet in the second quarter valued at approximately $218,000. Vance Wealth Inc. boosted its stake in shares of Alphabet by 4.0% in the second quarter. Vance Wealth Inc. now owns 3,089 shares of the information services provider’s stock valued at $563,000 after buying an additional 119 shares in the last quarter. Private Wealth Strategies L.L.C. boosted its stake in shares of Alphabet by 3.4% in the second quarter. Private Wealth Strategies L.L.C. now owns 2,800 shares of the information services provider’s stock valued at $510,000 after buying an additional 93 shares in the last quarter. Finally, Primoris Wealth Advisors LLC boosted its stake in shares of Alphabet by 36.9% in the second quarter. Primoris Wealth Advisors LLC now owns 6,585 shares of the information services provider’s stock valued at $1,199,000 after buying an additional 1,775 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GOOGL. Royal Bank of Canada lifted their price target on Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group reiterated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Morgan Stanley boosted their target price on Alphabet from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Monday. Truist Financial boosted their target price on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Sanford C. Bernstein boosted their target price on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.15.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 441 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now directly owns 16,490 shares in the company, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. The trade was a 11.61 % 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. 11.55% of the stock is owned by insiders.

Alphabet Price Performance

NASDAQ GOOGL opened at $191.01 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.34 trillion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98. The company has a 50 day moving average price of $183.05 and a two-hundred day moving average price of $172.99. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $201.42.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the previous year, the company earned $1.55 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed 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 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s payout ratio is 10.61%.

About Alphabet

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.