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

Capital Square LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 22.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,695 shares of the information services provider’s stock after buying an additional 861 shares during the period. Capital Square LLC’s holdings in Alphabet were worth $940,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Community Bank N.A. increased its stake in shares of Alphabet by 6.4% in the fourth quarter. Community Bank N.A. now owns 46,173 shares of the information services provider’s stock worth $8,741,000 after acquiring an additional 2,790 shares during the period. Premier Fund Managers Ltd lifted its holdings in shares of Alphabet by 30.0% in the 4th quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider’s stock valued at $11,816,000 after buying an additional 14,262 shares during the period. Absolute Capital Management LLC boosted its stake in shares of Alphabet by 14.0% in the fourth quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider’s stock worth $401,000 after buying an additional 258 shares during the last quarter. Permanent Capital Management LP purchased a new position in Alphabet during the fourth quarter valued at approximately $273,000. Finally, Glass Wealth Management Co LLC lifted its holdings in Alphabet by 4.5% in the fourth quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider’s stock valued at $7,014,000 after acquiring an additional 1,580 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 17,690 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the transaction, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock worth $25,361,647 over the last 90 days. Corporate insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $151.08 on Friday. The stock has a market cap of $1.84 trillion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a fifty day simple moving average of $165.14 and a 200-day simple moving average of $175.84. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05.

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

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.53%. Alphabet’s dividend payout ratio is currently 9.94%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of Alphabet from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Thursday. UBS Group set a $190.00 price target on Alphabet in a research note on Thursday, March 27th. Piper Sandler lowered their price target on Alphabet from $208.00 to $185.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Citigroup reduced their target price on Alphabet from $229.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $200.74.

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.