Tableaux LLC Invests $454,000 in Alphabet Inc. (NASDAQ:GOOGL)

Tableaux LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,400 shares of the information services provider's stock, valued at approximately $454,000.

A number of other hedge funds have also made changes to their positions in GOOGL. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $377,984,000. PKO Investment Management Joint Stock Co purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $14,197,000. Northstar Financial Companies Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $1,269,000. Centaurus Financial Inc. grew its position in shares of Alphabet by 2.1% in the fourth quarter. Centaurus Financial Inc. now owns 62,856 shares of the information services provider's stock valued at $11,899,000 after purchasing an additional 1,316 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $1,014,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GOOGL shares. Bank of America upped their price target on Alphabet from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and issued a $178.00 price objective on shares of Alphabet in a research report on Friday, April 25th. DZ Bank lowered Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective for the company. in a research report on Thursday, February 6th. Stifel Nicolaus lowered their price objective on Alphabet from $225.00 to $192.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Citigroup increased their price objective on Alphabet from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $199.75.

Alphabet Stock Down 1.2%

NASDAQ:GOOGL traded down $2.13 during midday trading on Friday, reaching $169.73. The company had a trading volume of 52,598,920 shares, compared to its average volume of 29,980,356. The firm has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 21.08, a PEG ratio of 1.34 and a beta of 1.01. The stock's fifty day simple moving average is $159.10 and its 200-day simple moving average is $174.59. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. 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 released 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. The firm had revenue of $76.49 billion during 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 period last year, the business posted $1.89 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 9th. This is a boost 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 dividend payout ratio (DPR) is currently 9.36%.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 11,764 shares of Alphabet stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the sale, the insider now owns 49,037 shares of the company's stock, valued at approximately $8,181,333.08. The trade was a 19.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 164,533 shares of company stock worth $26,772,774 over the last ninety days. Corporate insiders own 11.55% of the company's stock.

About Alphabet

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.