Capital A Wealth Management LLC Buys New Position in Alphabet Inc. (NASDAQ:GOOGL)

Capital A Wealth Management LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,878 shares of the information services provider's stock, valued at approximately $545,000. Alphabet accounts for approximately 0.9% of Capital A Wealth Management LLC's investment portfolio, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOGL. Compass Planning Associates Inc bought a new stake in shares of Alphabet during the 4th quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. boosted its stake 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 valued at $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. bought a new stake in Alphabet in the 4th quarter valued at $39,000. PayPay Securities Corp boosted its stake 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 purchasing an additional 65 shares during the period. Finally, Anderson Financial Strategies LLC bought a new position in Alphabet during the 4th quarter worth $49,000. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL traded up $4.43 during midday trading on Tuesday, reaching $172.90. The company's stock had a trading volume of 37,917,640 shares, compared to its average volume of 29,780,742. The stock has a market capitalization of $2.10 trillion, a P/E ratio of 21.48, a PEG ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a 50 day moving average price of $158.67 and a 200-day moving average price of $174.76. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data 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 return on equity of 32.49% and a net margin of 28.60%. 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 company earned $1.89 EPS. As a group, equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently declared 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 represents a $0.84 annualized dividend and a yield of 0.49%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is presently 9.36%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Tigress Financial increased 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. UBS Group set a $195.00 target price on shares of Alphabet in a research report on Friday, April 25th. Citigroup upped their price target on shares of Alphabet from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Jefferies Financial Group lowered their price objective on Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, JPMorgan Chase & Co. cut their target price on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $199.75.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,374 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the sale, the chief accounting officer now directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the completion of the sale, the director now directly owns 261,966 shares in the company, valued at approximately $45,844,050. The trade was a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,654 shares of company stock worth $26,793,380. 11.64% of the stock is owned by company 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.