30,441 Shares in Alphabet Inc. (NASDAQ:GOOGL) Acquired by Warm Springs Advisors Inc.

Warm Springs Advisors Inc. acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,441 shares of the information services provider's stock, valued at approximately $5,762,000. Alphabet accounts for about 5.3% of Warm Springs Advisors Inc.'s investment portfolio, making the stock its 5th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Compass Planning Associates Inc acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after buying an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new position in Alphabet in the 4th quarter worth approximately $39,000. PayPay Securities Corp increased its position in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after acquiring an additional 65 shares during the period. Finally, Anderson Financial Strategies LLC bought a new stake in Alphabet during the 4th quarter valued at $49,000. 40.03% of the stock is currently owned by institutional investors.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. This represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $105,000.00. Following the sale, the director now directly owns 6,813 shares of the company's stock, valued at $1,192,275. This trade represents a 8.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,654 shares of company stock worth $26,793,380 over the last quarter. Corporate insiders own 11.64% of the company's stock.

Alphabet Price Performance

GOOGL stock opened at $168.47 on Friday. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The firm has a 50-day moving average of $158.57 and a two-hundred day moving average of $174.88. The firm has a market capitalization of $2.04 trillion, a PE ratio of 20.93, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

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

Alphabet Increases Dividend

The company also recently announced 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 is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.50%. The ex-dividend date is Monday, June 9th. Alphabet's payout ratio is 9.36%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GOOGL. Needham & Company LLC reiterated a "buy" rating and set a $178.00 price target on shares of Alphabet in a research report on Friday, April 25th. KeyCorp lifted their price objective on shares of Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Jefferies Financial Group decreased their target price on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, March 31st. BMO Capital Markets reissued an "outperform" rating and set a $200.00 target price (down previously from $230.00) on shares of Alphabet in a research note on Thursday, April 17th. Finally, Bank of America boosted their price target on shares of Alphabet from $185.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $199.75.

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.

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