TFR Capital LLC. Takes $3.36 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

TFR Capital LLC. acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,758 shares of the information services provider's stock, valued at approximately $3,362,000. Alphabet makes up about 1.7% of TFR Capital LLC.'s investment portfolio, making the stock its 14th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Rockbridge Capital Management LLC purchased a new stake in Alphabet in the 4th quarter worth approximately $3,119,000. Optivise Advisory Services LLC raised its position in Alphabet by 8.0% during the fourth quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider's stock valued at $1,035,000 after acquiring an additional 403 shares in the last quarter. Community Bank N.A. lifted its stake in Alphabet by 6.4% in the fourth quarter. Community Bank N.A. now owns 46,173 shares of the information services provider's stock valued at $8,741,000 after acquiring an additional 2,790 shares during the last quarter. Premier Fund Managers Ltd grew its position in Alphabet by 30.0% in the fourth quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider's stock worth $11,816,000 after acquiring an additional 14,262 shares in the last quarter. Finally, Absolute Capital Management LLC increased its stake in shares of Alphabet by 14.0% during the 4th quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider's stock worth $401,000 after purchasing an additional 258 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Trading Down 1.3%

NASDAQ GOOGL traded down $2.18 during mid-day trading on Friday, reaching $169.68. 22,092,183 shares of the stock were exchanged, compared to its average volume of 29,833,504. 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 stock has a market cap of $2.06 trillion, a P/E ratio of 21.10, a P/E/G ratio of 1.34 and a beta of 1.01. The stock has a 50 day simple moving average of $159.12 and a 200-day simple moving average of $174.68. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05.

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 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 company had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the previous year, the company posted $1.89 EPS. On average, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Monday, June 9th. Alphabet's payout ratio is currently 9.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Piper Sandler increased their target price on shares of Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Tigress Financial increased their price objective on Alphabet from $220.00 to $240.00 and gave the company a "strong-buy" rating in a report on Wednesday, April 30th. JMP Securities restated a "market perform" rating on shares of Alphabet in a report on Wednesday, May 21st. DZ Bank downgraded Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target on the stock. in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a research note 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $199.75.

Insiders Place Their Bets

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were 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 owns 261,966 shares of the company's stock, valued at approximately $45,844,050. This represents a 3.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction 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 transaction, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This 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 valued at $26,772,774 in the last quarter. 11.55% of the stock is currently owned by insiders.

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.