Breed s Hill Capital LLC Purchases 6,477 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Breed s Hill Capital LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 133.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,347 shares of the information services provider's stock after acquiring an additional 6,477 shares during the quarter. Alphabet comprises about 1.1% of Breed s Hill Capital LLC's investment portfolio, making the stock its 17th biggest position. Breed s Hill Capital LLC's holdings in Alphabet were worth $2,148,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GOOGL. Bennett Selby Investments LP boosted its position in Alphabet by 4.0% in the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock valued at $256,000 after buying an additional 52 shares in the last quarter. Macroview Investment Management LLC lifted its position in shares of Alphabet by 4.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after purchasing an additional 52 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Alphabet by 2.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after purchasing an additional 53 shares in the last quarter. Addison Advisors LLC lifted its position in shares of Alphabet by 0.7% during the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after purchasing an additional 53 shares in the last quarter. Finally, Burt Wealth Advisors lifted its position in shares of Alphabet by 1.0% during the fourth quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider's stock worth $1,005,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of research reports. Jefferies Financial Group reduced their target price on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Bank of America upped their target price 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. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Alphabet in a research report on Wednesday, April 23rd. Oppenheimer upped their target price on shares of Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $189.00 target price on shares of Alphabet in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $199.75.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,374 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at $2,606,213.28. This represents a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total transaction of $5,066,750.00. Following the completion of the transaction, the chief executive officer now owns 2,652,696 shares of the company's stock, valued at $413,555,306.40. This trade represents a 1.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,054 shares of company stock valued at $17,722,605. Corporate insiders own 11.64% of the company's stock.

Alphabet Stock Up 1.4%

Shares of NASDAQ:GOOGL opened at $170.87 on Friday. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $2.07 trillion, a PE ratio of 21.23, a PEG ratio of 1.34 and a beta of 1.01. The company has a 50 day moving average price of $158.42 and a two-hundred day moving average price of $174.89.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its 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 firm 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 earnings per share. 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 $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is presently 9.36%.

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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