Ausdal Financial Partners Inc. Has $5.75 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Ausdal Financial Partners Inc. increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 15.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,211 shares of the information services provider’s stock after acquiring an additional 4,127 shares during the period. Ausdal Financial Partners Inc.’s holdings in Alphabet were worth $5,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Weiss Asset Management LP acquired a new stake in shares of Alphabet in the 3rd quarter valued at $25,000. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the fourth quarter valued at about $27,000. Safe Harbor Fiduciary LLC bought a new position in Alphabet in the third quarter valued at about $33,000. Mountain Hill Investment Partners Corp. acquired a new position in Alphabet during the fourth quarter worth about $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet in the fourth quarter worth about $43,000. 27.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Scotiabank lifted their price target on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Alphabet in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,048 shares of company stock valued at $17,374,274 in the last three months. Corporate insiders own 12.99% of the company’s stock.

Alphabet Trading Up 1.7 %

Shares of GOOG stock opened at $172.79 on Wednesday. The company has a market cap of $2.11 trillion, a P/E ratio of 21.46, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $148.20 and a fifty-two week high of $208.70. The stock has a 50 day simple moving average of $183.56 and a two-hundred day simple moving average of $178.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data 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 net margin of 28.60% and a return on equity of 32.49%. Research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet’s dividend payout ratio is presently 9.94%.

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.