Lagoda Investment Management L.P. Has $10.43 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Lagoda Investment Management L.P. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,784 shares of the information services provider's stock after purchasing an additional 3,474 shares during the quarter. Alphabet accounts for approximately 5.6% of Lagoda Investment Management L.P.'s holdings, making the stock its 5th biggest position. Lagoda Investment Management L.P.'s holdings in Alphabet were worth $10,433,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GOOG. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet in the fourth quarter valued at $27,000. LSV Asset Management acquired a new stake in Alphabet in the 4th quarter worth about $27,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet in the 4th quarter worth about $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet in the 4th quarter worth about $39,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Alphabet in the 4th quarter valued at about $43,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GOOG shares. Oppenheimer raised their target price on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Benchmark reiterated a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Westpark Capital reiterated a "buy" rating and issued a $210.00 price target on shares of Alphabet in a report on Friday, April 25th. Tigress Financial reissued a "strong-buy" rating on shares of Alphabet in a report on Friday, May 2nd. Finally, Rosenblatt Securities raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $203.94.

Insider Activity

In related news, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. The trade was a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 179,324 shares of company stock worth $30,153,353 in the last 90 days. Company insiders own 12.99% of the company's stock.

Alphabet Trading Up 3.7%

NASDAQ GOOG traded up $5.92 on Wednesday, hitting $166.81. 31,717,334 shares of the company were exchanged, compared to its average volume of 19,637,478. The company's 50 day moving average price is $160.39 and its 200-day moving average price is $176.86. 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 market capitalization of $2.02 trillion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued 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. The company had revenue of $90.23 billion for the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS. Analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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. 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 0.50%. Alphabet's dividend payout ratio is currently 9.36%.

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.