2,343 Shares in Alphabet Inc. (NASDAQ:GOOGL) Acquired by Prodigy Asset Management LLC

Prodigy Asset Management LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,343 shares of the information services provider's stock, valued at approximately $444,000. Alphabet makes up approximately 0.4% of Prodigy Asset Management LLC's holdings, making the stock its 12th largest position.

Several other institutional investors also recently modified their holdings of GOOGL. Compass Planning Associates Inc purchased a new position in shares of Alphabet during the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after acquiring an additional 166 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at $39,000. PayPay Securities Corp boosted its holdings in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, Anderson Financial Strategies LLC bought a new stake in Alphabet in the fourth quarter worth $49,000. Institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $165.37 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The firm's 50-day moving average price is $158.21 and its two-hundred day moving average price is $175.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 billion for the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same period in the prior year, the firm earned $1.89 earnings per share. On average, equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.51%. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio is currently 9.36%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GOOGL. Wedbush set a $190.00 target price on shares of Alphabet and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. Tigress Financial boosted their target price on shares of Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, April 30th. Citigroup boosted their target price on shares of Alphabet from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Roth Mkm reissued a "buy" rating and set a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Finally, DZ Bank lowered shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price for the company. in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $199.75.

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 29,066 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the transaction, the director now directly owns 272,466 shares of the company's stock, valued at approximately $50,376,238.74. This trade represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. The trade was a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 179,324 shares of company stock valued at $30,153,353 over the last three months. 11.64% of the stock is owned by insiders.

Alphabet 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.

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