Viewpoint Investment Partners Corp Has $657,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Viewpoint Investment Partners Corp lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 112.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,251 shares of the information services provider's stock after acquiring an additional 2,251 shares during the period. Alphabet accounts for about 0.4% of Viewpoint Investment Partners Corp's investment portfolio, making the stock its 24th largest position. Viewpoint Investment Partners Corp's holdings in Alphabet were worth $657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Compass Planning Associates Inc purchased a new position in shares of Alphabet in the 4th quarter valued at $30,000. PayPay Securities Corp raised its position in Alphabet by 36.1% in the fourth 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. Anderson Financial Strategies LLC acquired a new position in shares of Alphabet during the fourth quarter worth about $49,000. Navigoe LLC purchased a new stake in shares of Alphabet in the fourth quarter worth about $51,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at about $53,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GOOGL shares. Jefferies Financial Group reduced 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. UBS Group set a $195.00 target price on shares of Alphabet in a research report on Friday, April 25th. Piper Sandler raised their price target on shares of Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. BMO Capital Markets reiterated an "outperform" rating and issued a $200.00 price objective (down previously from $230.00) on shares of Alphabet in a report on Thursday, April 17th. Finally, KeyCorp upped their price objective on shares of Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Ten equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $199.75.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 11,764 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the transaction, the insider now directly owns 49,037 shares in the company, valued at $8,181,333.08. The trade was a 19.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O'toole sold 673 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the sale, the chief accounting officer now owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 195,570 shares of company stock worth $32,003,532. Corporate insiders own 11.64% of the company's stock.

Alphabet Trading Up 1.2%

Shares of Alphabet stock traded up $2.10 on Monday, reaching $176.77. 27,312,231 shares of the company were exchanged, compared to its average volume of 30,428,122. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The firm has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $162.89 and a 200-day moving average price of $174.68.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the previous year, the company earned $1.89 EPS. On average, analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a $0.21 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. Alphabet's dividend payout ratio (DPR) is currently 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.