Searcy Financial Services Inc. ADV Has $308,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Searcy Financial Services Inc. ADV decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 13.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,626 shares of the information services provider’s stock after selling 260 shares during the quarter. Alphabet makes up about 0.1% of Searcy Financial Services Inc. ADV’s investment portfolio, making the stock its 21st biggest holding. Searcy Financial Services Inc. ADV’s holdings in Alphabet were worth $308,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GOOGL. LMR Partners LLP acquired a new stake in shares of Alphabet in the 3rd quarter valued at approximately $32,000. Denver PWM LLC acquired a new stake in Alphabet in the second quarter valued at $41,000. Quarry LP bought a new position in shares of Alphabet in the 2nd quarter valued at about $53,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Alphabet during the 3rd quarter worth about $66,000. Finally, Mendota Financial Group LLC raised its holdings in shares of Alphabet by 19.0% in the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after purchasing an additional 64 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. The trade was a 4.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the sale, the director now directly owns 21,824 shares in the company, valued at approximately $4,142,195.20. This represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 153,053 shares of company stock valued at $27,559,701. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 0.5 %

GOOGL opened at $191.01 on Tuesday. The company has a market cap of $2.34 trillion, a P/E ratio of 25.33, a PEG ratio of 1.35 and a beta of 0.98. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $183.05 and its 200-day moving average is $172.99. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $201.42.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Equities research analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.42%. Alphabet’s dividend payout ratio is presently 10.61%.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of research analyst reports. Robert W. Baird reiterated an “outperform” rating and set a $205.00 price target on shares of Alphabet in a report on Tuesday, December 10th. Pivotal Research boosted their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a report on Friday. Wolfe Research upped their price objective on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Tigress Financial raised their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 26th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.15.

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.