Householder Group Estate & Retirement Specialist LLC's $410,000 Stake in Alphabet Inc.

Householder Group Estate & Retirement Specialist LLC has recently made a significant adjustment to its stock position in Alphabet Inc. (NASDAQ: GOOGL). During the 4th quarter, the firm reduced its holdings by 78.2%, now owning 2,167 shares after selling 7,787 shares. At the end of this period, the total value of Householder Group's investment in Alphabet was approximately $410,000.

In addition to Householder Group, several other institutional investors have also adjusted their stakes in Alphabet recently. For instance, Conrad Siegel Investment Advisors Inc. increased its position by 0.5% in the fourth quarter, holding 9,845 shares worth about $1.86 million after acquiring an additional 53 shares. Meanwhile, Denver PWM LLC raised its holdings by 25.4% in the third quarter, now owning 281 shares valued at $47,000. Ignite Planners LLC also increased its stake by 0.4% during the fourth quarter, owning 15,078 shares worth approximately $2.89 million following a 57-share purchase.

Recent Performance of Alphabet Stock

Alphabet's stock, GOOGL, opened at $196.00 recently. The company has a market capitalization of $2.40 trillion, a P/E ratio of 25.99, and a PEG ratio of 1.22. Additionally, it has a steady beta of 0.98. Alphabet's financial strength can be seen through its quick ratio of 1.95 and current ratio of 1.95, with a low debt-to-equity ratio of only 0.04. Over the last 52 weeks, shares have fluctuated between a low of $130.66 and a high of $201.42.

In its most recent quarterly report dated October 29th, Alphabet reported earnings of $2.12 per share, surpassing analysts' expectations of $1.83 by $0.29. The company's revenue for the quarter totaled $88.27 billion, significantly exceeding the anticipated $72.85 billion. The return on equity for Alphabet stood at an impressive 31.66% with a net margin of 27.74%. This performance marks an increase from $1.55 EPS in the same quarter last year. Analysts predict that Alphabet Inc. will achieve an EPS of 8.03 in the current fiscal year.

Alphabet's Dividend Equation

The company has also recently declared a quarterly dividend, which shareholders of record received on December 9th, amounting to $0.20 per share. This dividend translates into an annualized payment of $0.80, representing a dividend yield of 0.41%, while the dividend payout ratio currently stands at 10.61%.

Analyst Ratings and Forecasts for Alphabet

Market analysts have made various forecasts regarding the future performance of Alphabet’s shares. For instance, Evercore ISI raised its price target from $200.00 to $205.00 and reaffirmed its “outperform” rating for the stock. Wolfe Research also increased their price target for Alphabet from $220.00 to $230.00, maintaining an “outperform” rating. BMO Capital Markets restated its “outperform” rating with a new target price of $217.00, while Wedbush increased their price objective to $220.00 from $210.00. Currently, 40.03% of Alphabet's shares are owned by hedge funds and other institutional investors.

Insider Sales Activity

In insider trading news, CAO Amie Thuener O'Toole sold 1,367 shares at an average price of $171.42, valuing the total transaction at approximately $234,331. Following this transaction, O'Toole holds 26,349 shares, worth around $4.5 million. Furthermore, Director John L. Hennessy also sold 1,500 shares on January 13th at an average price of $189.80, resulting in a transaction of about $284,700. Collectively, insiders sold 133,387 shares valued at $24,368,654 in the last quarter.

Overview of Alphabet Inc.

Alphabet Inc. operates across different segments, including Google Services, Google Cloud, and Other Bets. The company's extensive range of products includes popular services like Google Search, YouTube, Google Drive, Gmail, and various Android applications. With a strong presence in multiple regions worldwide, Alphabet is well-established in the technology market.

Householder, Alphabet, GOOGL