Second Half Financial Partners LLC Has $481,000 Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Second Half Financial Partners LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 38.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,542 shares of the information services provider’s stock after selling 1,567 shares during the quarter. Second Half Financial Partners LLC’s holdings in Alphabet were worth $481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Compass Planning Associates Inc acquired a new position in shares of Alphabet during the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new position in Alphabet in the 4th quarter worth about $39,000. 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 valued at $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of Alphabet during the fourth quarter valued at about $53,000. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GOOGL. Sanford C. Bernstein raised their price objective on shares of Alphabet from $165.00 to $185.00 and gave the company a “market perform” rating in a report on Friday. Wolfe Research raised their price target on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Susquehanna decreased their price objective on Alphabet from $225.00 to $220.00 and set a “positive” rating for the company in a report on Friday. Finally, Oppenheimer lifted their target price on Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.63.

Alphabet Trading Up 1.7 %

Shares of Alphabet stock opened at $161.96 on Friday. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. 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 company has a market capitalization of $1.97 trillion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The stock has a fifty day simple moving average of $162.18 and a 200 day simple moving average of $175.52.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the company posted $1.89 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.52%. This is an increase from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 673 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at $2,377,014.99. The trade was a 4.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 148,163 shares of company stock valued at $25,361,647. 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.