Algert Global LLC Acquires 4,156 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Algert Global LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,559 shares of the information services provider's stock after acquiring an additional 4,156 shares during the quarter. Algert Global LLC's holdings in Alphabet were worth $6,353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Alteri Wealth LLC purchased a new position in Alphabet in the fourth quarter valued at approximately $5,092,000. Altimeter Capital Management LP raised its stake in shares of Alphabet by 31.1% during the fourth quarter. Altimeter Capital Management LP now owns 867,305 shares of the information services provider's stock worth $164,181,000 after acquiring an additional 205,660 shares in the last quarter. Alyeska Investment Group L.P. boosted its position in Alphabet by 21.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,696,790 shares of the information services provider's stock valued at $321,202,000 after buying an additional 297,498 shares during the period. Alua Capital Management LP bought a new position in shares of Alphabet during the fourth quarter valued at approximately $62,961,000. Finally, AmeriServ Wealth Advisors bought a new stake in Alphabet during the 4th quarter valued at approximately $606,000. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 2,824 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total transaction of $529,302.32. Following the transaction, the chief accounting officer now directly owns 15,024 shares of the company's stock, valued at approximately $2,815,948.32. The trade was a 15.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total value of $5,075,200.00. Following the sale, the chief executive officer now owns 2,685,196 shares of the company's stock, valued at approximately $419,320,207.36. The trade was a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,824 shares of company stock valued at $25,086,603 over the last 90 days. 11.55% of the stock is owned by corporate insiders.

Alphabet Trading Down 7.3 %

GOOGL stock traded down $11.86 during midday trading on Wednesday, reaching $151.38. The company's stock had a trading volume of 127,431,655 shares, compared to its average volume of 28,562,681. The stock has a market cap of $1.84 trillion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The business's 50-day simple moving average is $159.92 and its 200-day simple moving average is $175.42. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same quarter last year, the firm earned $1.89 EPS. As a group, sell-side analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is presently 9.36%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GOOGL. DA Davidson decreased their price objective on shares of Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Westpark Capital raised Alphabet to a "strong-buy" rating in a report on Tuesday, April 1st. Truist Financial dropped their price target on shares of Alphabet from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Rosenblatt Securities reduced their price objective on Alphabet from $205.00 to $189.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Stifel Nicolaus decreased their price objective on Alphabet from $225.00 to $192.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus price target of $199.46.

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.