SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Invests $2.42 Million in Alphabet Inc. (NASDAQ:GOOGL)

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 12,794 shares of the information services provider’s stock, valued at approximately $2,422,000. Alphabet accounts for 2.4% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s holdings, making the stock its 12th biggest position.

A number of other institutional investors have also made changes to their positions in GOOGL. Compass Planning Associates Inc acquired a new position in Alphabet in the fourth quarter worth $30,000. LMR Partners LLP bought a new stake in shares of Alphabet during the third quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet in the 4th quarter worth $39,000. Finally, PayPay Securities Corp raised its position in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after acquiring an additional 65 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

Alphabet stock opened at $167.68 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.04 trillion, a P/E ratio of 20.83, a PEG ratio of 1.34 and a beta of 1.02. The business has a 50-day moving average of $182.10 and a 200-day moving average of $176.73. Alphabet Inc. has a 1 year low of $147.22 and a 1 year high of $207.05.

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

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Analyst Ratings Changes

A number of brokerages recently issued reports on GOOGL. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Rosenblatt Securities restated a “neutral” rating and issued a $205.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Bank of America reaffirmed a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. Piper Sandler reduced their price objective on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $210.59.

Insiders Place Their Bets

In related news, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock valued at $17,374,274 in the last quarter. 11.55% of the stock is currently 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.