Campbell Wealth Management Makes New Investment in Alphabet Inc. (NASDAQ:GOOGL)

Campbell Wealth Management acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,089 shares of the information services provider’s stock, valued at approximately $206,000.

Several other large investors have also modified their holdings of GOOGL. Trust Point Inc. lifted its position in Alphabet by 1.6% during the third quarter. Trust Point Inc. now owns 52,019 shares of the information services provider’s stock valued at $8,627,000 after buying an additional 840 shares in the last quarter. Intergy Private Wealth LLC raised its stake in shares of Alphabet by 11.4% in the 3rd quarter. Intergy Private Wealth LLC now owns 2,270 shares of the information services provider’s stock valued at $376,000 after acquiring an additional 233 shares during the period. Inspire Advisors LLC lifted its holdings in shares of Alphabet by 10.1% during the 3rd quarter. Inspire Advisors LLC now owns 2,857 shares of the information services provider’s stock valued at $474,000 after acquiring an additional 262 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in Alphabet by 4.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 334,330 shares of the information services provider’s stock worth $55,449,000 after purchasing an additional 15,320 shares during the period. Finally, Stratos Wealth Advisors LLC increased its holdings in Alphabet by 2.0% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 69,788 shares of the information services provider’s stock valued at $11,574,000 after purchasing an additional 1,361 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GOOGL shares. Pivotal Research upped their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group restated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Thursday, December 12th. Bank of America reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Finally, DZ Bank downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target on the stock. in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $175.42 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $2.14 trillion, a PE ratio of 21.79, a P/E/G ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $207.05. The business’s fifty day moving average price is $191.72 and its two-hundred day moving average price is $176.14.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the sale, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 134,299 shares of company stock worth $25,055,751. Company insiders own 11.55% of the company’s stock.

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.