Fiduciary Alliance LLC Has $11.13 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Fiduciary Alliance LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,998 shares of the information services provider's stock after acquiring an additional 4,279 shares during the quarter. Alphabet makes up approximately 1.1% of Fiduciary Alliance LLC's holdings, making the stock its 19th biggest holding. Fiduciary Alliance LLC's holdings in Alphabet were worth $11,134,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new position in Alphabet during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of 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 buying an additional 166 shares during the period. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at $39,000. PayPay Securities Corp increased its position in shares of 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 buying an additional 65 shares in the last quarter. Finally, Anderson Financial Strategies LLC acquired a new stake in Alphabet during the 4th quarter worth $49,000. Institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on GOOGL. Jefferies Financial Group dropped their price target on Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Westpark Capital reissued a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research report on Thursday, May 8th. Piper Sandler raised their price objective on shares of Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Tigress Financial upped their price objective on Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, April 30th. Finally, Mizuho cut their target price on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.75.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 673 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now directly owns 15,303 shares in the company, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at $430,917,877.76. This represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 163,270 shares of company stock valued at $26,553,563 over the last quarter. 11.64% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of Alphabet stock traded down $2.85 during trading on Tuesday, reaching $166.18. The company's stock had a trading volume of 44,998,558 shares, compared to its average volume of 30,044,348. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The business's 50-day moving average price is $159.18 and its 200-day moving average price is $174.53. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The firm has a market cap of $2.02 trillion, a PE ratio of 20.64, a P/E/G ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The firm 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 company earned $1.89 EPS. Equities analysts forecast 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 $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.51%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

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.