Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Certuity LLC

Certuity LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,032 shares of the information services provider's stock after purchasing an additional 14,061 shares during the period. Alphabet accounts for approximately 0.8% of Certuity LLC's holdings, making the stock its 29th biggest holding. Certuity LLC's holdings in Alphabet were worth $8,383,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GOOGL. Aire Advisors LLC raised its position in Alphabet by 0.6% in the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider's stock worth $1,645,000 after buying an additional 68 shares during the last quarter. Defined Wealth Management LLC raised its holdings in shares of Alphabet by 2.9% during the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider's stock valued at $354,000 after purchasing an additional 71 shares during the last quarter. WealthCare Investment Partners LLC lifted its position in Alphabet by 2.1% during the fourth quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider's stock valued at $482,000 after purchasing an additional 71 shares during the period. Peoples Financial Services CORP. boosted its holdings in Alphabet by 0.4% in the fourth quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider's stock worth $2,331,000 after purchasing an additional 72 shares during the last quarter. Finally, RAM Investment Partners LLC grew its position in Alphabet by 1.0% in the 4th quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider's stock worth $1,055,000 after purchasing an additional 73 shares during the period. Institutional investors own 40.03% of the company's stock.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 800 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $149.73, for a total transaction of $119,784.00. Following the completion of the transaction, the director now directly owns 7,164 shares of the company's stock, valued at approximately $1,072,665.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director John L. Hennessy sold 800 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $149.73, for a total value of $119,784.00. Following the completion of the sale, the director now owns 7,164 shares in the company, valued at $1,072,665.72. 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 22,500 shares of the business's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $143.08, for a total transaction of $3,219,300.00. Following the sale, the chief executive officer now directly owns 2,355,191 shares in the company, valued at approximately $336,980,728.28. The disclosure for this sale can be found here. Insiders have sold a total of 252,629 shares of company stock worth $37,091,240 over the last ninety days. 0.88% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on GOOGL. Piper Sandler reiterated an "overweight" rating and issued a $200.00 price objective (up previously from $160.00) on shares of Alphabet in a research note on Friday, April 26th. Canaccord Genuity Group lifted their price target on shares of Alphabet from $190.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Wells Fargo & Company upped their price target on Alphabet from $141.00 to $168.00 and gave the stock an "equal weight" rating in a research report on Friday, April 26th. Jefferies Financial Group upped their price target on shares of Alphabet from $180.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, April 26th. Finally, Evercore ISI upped their price objective on Alphabet from $160.00 to $220.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $190.60.

Alphabet Stock Performance

Shares of GOOGL stock traded down $1.87 during mid-day trading on Wednesday, hitting $169.38. 19,560,431 shares of the stock were exchanged, compared to its average volume of 30,592,672. Alphabet Inc. has a 12-month low of $107.19 and a 12-month high of $174.71. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a market capitalization of $2.09 trillion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 1.28 and a beta of 1.02. The stock's fifty day simple moving average is $151.40 and its two-hundred day simple moving average is $142.83.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same period last year, the firm posted $1.17 EPS. On average, analysts forecast that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, June 10th.

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.