GoalFusion Wealth Management LLC Makes New $279,000 Investment in Alphabet Inc. (NASDAQ:GOOG)

GoalFusion Wealth Management LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,467 shares of the information services provider’s stock, valued at approximately $279,000. Alphabet accounts for approximately 0.2% of GoalFusion Wealth Management LLC’s portfolio, making the stock its 24th biggest holding.

Other institutional investors have also modified their holdings of the company. Beck Bode LLC lifted its holdings in Alphabet by 7.1% in the 2nd quarter. Beck Bode LLC now owns 67,523 shares of the information services provider’s stock valued at $12,385,000 after acquiring an additional 4,456 shares during the last quarter. Merriman Wealth Management LLC raised its holdings in Alphabet by 21.3% during the 2nd quarter. Merriman Wealth Management LLC now owns 15,524 shares of the information services provider’s stock worth $2,847,000 after buying an additional 2,722 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Alphabet by 11.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,144,221 shares of the information services provider’s stock worth $209,873,000 after buying an additional 113,916 shares during the period. Circle Wealth Management LLC increased its position in shares of Alphabet by 14.9% in the second quarter. Circle Wealth Management LLC now owns 71,983 shares of the information services provider’s stock worth $13,203,000 after acquiring an additional 9,314 shares in the last quarter. Finally, Frank Rimerman Advisors LLC boosted its stake in Alphabet by 8.5% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 153,311 shares of the information services provider’s stock worth $28,120,000 after purchasing an additional 11,998 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the transaction, the director now owns 330,466 shares of the company’s stock, valued at $59,741,643.48. This trade represents a 3.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 26,349 shares of the company’s stock, valued at $4,516,745.58. The trade was a 4.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,387 shares of company stock worth $24,368,654. Insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $197.55 on Monday. The business has a fifty day moving average of $185.92 and a 200-day moving average of $174.85. The firm has a market cap of $2.42 trillion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $202.88.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the firm earned $1.55 EPS. On average, equities research analysts predict that Alphabet Inc. will post 8.03 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Analyst Ratings Changes

A number of research analysts recently commented on GOOG shares. Barclays boosted their price objective on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Oppenheimer boosted their target price on shares of Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Scotiabank initiated coverage on Alphabet in a research note on Friday, October 11th. They set a “sector outperform” rating and a $212.00 price target for the company. Finally, Wells Fargo & Company boosted their target price on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

Alphabet Company 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.