12,153 Shares in Alphabet Inc. (NASDAQ:GOOGL) Bought by MSH Capital Advisors LLC

MSH Capital Advisors LLC bought a new position in Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,153 shares of the information services provider’s stock, valued at approximately $2,301,000.

A number of other hedge funds also recently bought and sold shares of the company. Zacks Investment Management grew its stake in shares of Alphabet by 3.4% in the fourth quarter. Zacks Investment Management now owns 1,221,901 shares of the information services provider’s stock worth $231,306,000 after acquiring an additional 39,650 shares during the last quarter. KilterHowling LLC bought a new position in shares of Alphabet during the 4th quarter worth about $221,000. NewEdge Advisors LLC lifted its stake in shares of Alphabet by 6.2% in the fourth quarter. NewEdge Advisors LLC now owns 482,100 shares of the information services provider’s stock valued at $91,262,000 after buying an additional 27,992 shares during the period. Everest Management Corp. bought a new position in Alphabet during the fourth quarter valued at about $9,162,000. Finally, Rather & Kittrell Inc. lifted its position in shares of Alphabet by 8.9% in the 4th quarter. Rather & Kittrell Inc. now owns 2,553 shares of the information services provider’s stock worth $483,000 after acquiring an additional 209 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on GOOGL. JPMorgan Chase & Co. decreased their price target on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. DA Davidson dropped their price target on shares of Alphabet from $200.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Mizuho lowered their price objective on Alphabet from $230.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $200.00 price target (down previously from $230.00) on shares of Alphabet in a research note on Thursday. Finally, Cantor Fitzgerald dropped their price objective on Alphabet from $200.00 to $159.00 and set a “neutral” rating for the company in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.74.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 17,690 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now owns 43,111 shares in the company, valued at $7,997,521.61. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock valued at $25,361,647 over the last three months. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $151.08 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $1.84 trillion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.34 and a beta of 1.03. The business has a 50 day simple moving average of $165.14 and a 200 day simple moving average of $175.84. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.53%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

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.