Brucke Financial Inc. Purchases Shares of 15,001 Alphabet Inc. (NASDAQ:GOOGL)

Brucke Financial Inc. bought a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 15,001 shares of the information services provider's stock, valued at approximately $3,061,000. Alphabet comprises 2.7% of Brucke Financial Inc.'s portfolio, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Alphabet by 9.8% during the 4th quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock valued at $47,025,322,000 after acquiring an additional 22,100,902 shares during the period. Norges Bank purchased a new stake in shares of Alphabet during the 4th quarter valued at approximately $24,383,677,000. Price T Rowe Associates Inc. MD raised its position in Alphabet by 8.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 98,638,127 shares of the information services provider's stock valued at $18,672,198,000 after purchasing an additional 7,574,417 shares during the period. Capital Research Global Investors raised its position in Alphabet by 16.2% in the fourth quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider's stock valued at $13,635,878,000 after purchasing an additional 10,037,685 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Alphabet by 17.0% in the fourth quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider's stock worth $13,178,470,000 after acquiring an additional 10,135,430 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of several research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $178.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Cantor Fitzgerald cut their price target on Alphabet from $200.00 to $159.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Susquehanna decreased their price target on shares of Alphabet from $225.00 to $220.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Wedbush set a $190.00 price objective on shares of Alphabet and gave the company an "outperform" rating in a research report on Tuesday, April 15th. Finally, Westpark Capital restated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research note on Thursday, May 8th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average target price of $199.75.

Alphabet Trading Down 0.5%

Shares of Alphabet stock traded down $0.84 during trading hours on Thursday, hitting $171.52. The company's stock had a trading volume of 19,518,584 shares, compared to its average volume of 29,798,558. The business has a fifty day moving average of $159.04 and a 200 day moving average of $174.73. The company has a market capitalization of $2.08 trillion, a PE ratio of 21.31, 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 company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted 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. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the previous year, the business posted $1.89 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.49%. Alphabet's payout ratio is presently 9.36%.

Insider Activity at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the completion of the sale, the director now owns 261,966 shares in the company, valued at approximately $45,844,050. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,374 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the sale, the chief accounting officer now owns 15,024 shares of the company's stock, valued at $2,606,213.28. The trade was a 8.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,654 shares of company stock valued at $26,793,380. Corporate insiders own 11.55% of the company's stock.

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.