Boulder Wealth Advisors LLC Purchases Shares of 1,472 Alphabet Inc. (NASDAQ:GOOGL)

Boulder Wealth Advisors LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,472 shares of the information services provider’s stock, valued at approximately $244,000. Alphabet makes up 0.1% of Boulder Wealth Advisors LLC’s portfolio, making the stock its 22nd largest position.

A number of other hedge funds have also recently made changes to their positions in the business. Christopher J. Hasenberg Inc increased its holdings in Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 60 shares during the last quarter. LMR Partners LLP bought a new position in shares of Alphabet during the 3rd quarter valued at about $32,000. Kings Path Partners LLC purchased a new position in shares of Alphabet during the second quarter valued at about $36,000. Denver PWM LLC bought a new stake in shares of Alphabet in the second quarter worth about $41,000. Finally, Quarry LP purchased a new stake in shares of Alphabet in the second quarter worth about $53,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $188.51 on Friday. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $201.42. The stock’s fifty day moving average price is $173.99 and its 200-day moving average price is $171.21. The firm has a market cap of $2.31 trillion, a P/E ratio of 25.00, a P/E/G ratio of 1.39 and a beta of 1.01. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

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

Alphabet Dividend Announcement

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

Insider Activity

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the sale, the director now directly owns 282,832 shares of the company’s stock, valued at $52,329,576.64. The trade was a 11.61 % 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, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $167.07, for a total value of $3,759,075.00. Following the sale, the chief executive officer now owns 2,129,306 shares in the company, valued at approximately $355,743,153.42. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 178,957 shares of company stock worth $31,358,687. Corporate insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GOOGL. Cantor Fitzgerald restated a “neutral” rating and set a $190.00 price target on shares of Alphabet in a report on Wednesday, October 30th. Wells Fargo & Company raised their target price on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Pivotal Research upped their price target on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial lifted their price objective on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley boosted their target price on shares of Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.69.

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.