Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Foster & Motley Inc.

Foster & Motley Inc. lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,914 shares of the information services provider’s stock after purchasing an additional 687 shares during the quarter. Foster & Motley Inc.’s holdings in Alphabet were worth $2,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. VanderPol Investments L.L.C. grew its stake in shares of Alphabet by 11.6% in the 4th quarter. VanderPol Investments L.L.C. now owns 1,417 shares of the information services provider’s stock valued at $268,000 after purchasing an additional 147 shares during the last quarter. Ibex Wealth Advisors purchased a new position in Alphabet in the 4th quarter valued at $12,238,000. Swedbank AB increased its stake in Alphabet by 1.4% in the 4th quarter. Swedbank AB now owns 8,503,828 shares of the information services provider’s stock valued at $1,609,775,000 after buying an additional 118,899 shares during the period. Allen Capital Group LLC lifted its stake in shares of Alphabet by 11.4% in the 4th quarter. Allen Capital Group LLC now owns 42,489 shares of the information services provider’s stock worth $8,043,000 after acquiring an additional 4,363 shares during the period. Finally, Valicenti Advisory Services Inc. raised its holdings in Alphabet by 2.3% during the fourth quarter. Valicenti Advisory Services Inc. now owns 90,126 shares of the information services provider’s stock worth $17,061,000 after purchasing an additional 2,035 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total transaction of $3,975,075.00. Following the completion of the sale, the chief executive officer now directly owns 2,061,806 shares of the company’s stock, valued at approximately $364,259,266.02. This represents a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were 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 $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,529 shares of company stock worth $16,600,078 in the last ninety days. Corporate insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of a number of analyst reports. JMP Securities reissued a “market perform” rating on shares of Alphabet in a research note on Wednesday. Citigroup reduced their price objective on Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a research report on Wednesday. Bank of America reaffirmed a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. Piper Sandler reduced their target price on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus raised their target price on Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $210.62.

Alphabet Stock Performance

GOOGL opened at $191.60 on Friday. The business has a fifty day simple moving average of $190.83 and a 200-day simple moving average of $174.52. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.35 trillion, a PE ratio of 25.41, a P/E/G ratio of 1.31 and a beta of 0.99. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. As a group, equities analysts predict that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

About Alphabet

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.