GC Wealth Management RIA LLC Has $19.18 Million Position in Alphabet Inc. (NASDAQ:GOOG)

GC Wealth Management RIA LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 100,707 shares of the information services provider’s stock after acquiring an additional 161 shares during the quarter. Alphabet comprises about 3.4% of GC Wealth Management RIA LLC’s portfolio, making the stock its 4th biggest holding. GC Wealth Management RIA LLC’s holdings in Alphabet were worth $19,179,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. GPS Wealth Strategies Group LLC lifted its position in shares of Alphabet by 6.8% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider’s stock valued at $3,094,000 after acquiring an additional 1,041 shares during the period. Coldstream Capital Management Inc. lifted its position in shares of Alphabet by 14.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider’s stock valued at $19,642,000 after acquiring an additional 14,738 shares during the period. Metis Global Partners LLC lifted its position in shares of Alphabet by 1.4% during the 3rd quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider’s stock valued at $50,488,000 after acquiring an additional 4,292 shares during the period. Requisite Capital Management LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $927,000. Finally, Stevens Capital Management LP lifted its position in shares of Alphabet by 172.9% during the 3rd quarter. Stevens Capital Management LP now owns 91,237 shares of the information services provider’s stock valued at $15,254,000 after acquiring an additional 57,810 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the sale, the director now owns 23,324 shares in the company, valued at $4,529,987.28. This represents a 6.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the sale, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $4,085,531.55. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 97,182 shares of company stock valued at $18,192,354. Company insiders own 12.99% of the company’s stock.

Alphabet Trading Down 1.1 %

Shares of GOOG stock opened at $165.98 on Wednesday. The stock has a market cap of $2.02 trillion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.34 and a beta of 1.03. The stock has a 50-day moving average of $188.87 and a 200-day moving average of $178.08. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $138.21 and a 1-year high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate 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 research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet’s payout ratio is 9.94%.

Analyst Ratings Changes

GOOG has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Scotiabank boosted their price target on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Wedbush reissued an “outperform” rating and set a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. Finally, Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

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.