Diversified LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL Free Report) by 32.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,706 shares of the information services providers stock after purchasing an additional 1,634 shares during the period. Diversified LLCs holdings in Alphabet were worth $937,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aire Advisors LLC raised its holdings in Alphabet by 0.6% in the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services providers stock worth $1,645,000 after acquiring an additional 68 shares during the last quarter. Defined Wealth Management LLC increased its holdings in shares of Alphabet by 2.9% in the 4th quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services providers stock worth $354,000 after purchasing an additional 71 shares in the last quarter. WealthCare Investment Partners LLC raised its stake in shares of Alphabet by 2.1% in the fourth quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services providers stock worth $482,000 after purchasing an additional 71 shares during the last quarter. Peoples Financial Services CORP. lifted its holdings in shares of Alphabet by 0.4% during the fourth quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services providers stock valued at $2,331,000 after purchasing an additional 72 shares in the last quarter. Finally, RAM Investment Partners LLC boosted its position in shares of Alphabet by 1.0% during the fourth quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services providers stock valued at $1,055,000 after buying an additional 73 shares during the last quarter. Institutional investors own 40.03% of the companys stock.
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Alphabet Trading Down 3.4 %
GOOGL stock opened at $166.15 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10. Alphabet Inc. has a 1-year low of $103.71 and a 1-year high of $174.71. The business has a 50 day simple moving average of $148.36 and a two-hundred day simple moving average of $141.62. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.57 and a beta of 1.05.
Alphabet (NASDAQ:GOOGL Get Free Report) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Research analysts anticipate that Alphabet Inc. will post 6.82 EPS for the current fiscal year.
Alphabet Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%.
Insider Activity at Alphabet
In other Alphabet news, CAO Amie Thuener Otoole sold 660 shares of Alphabet stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares of the companys stock, valued at approximately $4,009,032.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener Otoole sold 660 shares of Alphabet stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the transaction, the chief accounting officer now directly owns 27,920 shares of the companys stock, valued at $4,009,032.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 253,209 shares of company stock valued at $36,711,144. Insiders own 0.88% of the companys stock.
Analyst Ratings Changes
GOOGL has been the subject of a number of recent analyst reports. KeyCorp boosted their target price on Alphabet from $165.00 to $175.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. Truist Financial boosted their price objective on shares of Alphabet from $170.00 to $190.00 and gave the company a buy rating in a report on Friday. Susquehanna lifted their target price on shares of Alphabet from $170.00 to $225.00 and gave the stock a positive rating in a research report on Monday. JMP Securities increased their price target on Alphabet from $160.00 to $200.00 and gave the company a market outperform rating in a report on Friday. Finally, Roth Mkm lifted their price objective on Alphabet from $164.00 to $202.00 and gave the stock a buy rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $189.44.
Get Our Latest Analysis on Alphabet
Alphabet Company Profile
(Free Report)
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.
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