Northeast Financial Group Inc. Has $3.96 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Northeast Financial Group Inc. boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 34.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,914 shares of the information services provider’s stock after purchasing an additional 5,372 shares during the quarter. Alphabet comprises 1.5% of Northeast Financial Group Inc.’s holdings, making the stock its 18th biggest position. Northeast Financial Group Inc.’s holdings in Alphabet were worth $3,959,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GOOGL. Crews Bank & Trust bought a new position in shares of Alphabet in the 4th quarter worth $4,990,000. Sippican Capital Advisors acquired a new position in Alphabet in the fourth quarter valued at about $222,000. Synergy Asset Management LLC boosted its holdings in Alphabet by 23.4% during the fourth quarter. Synergy Asset Management LLC now owns 179,744 shares of the information services provider’s stock worth $34,049,000 after buying an additional 34,102 shares during the last quarter. Enzi Wealth grew its position in shares of Alphabet by 2.7% during the 4th quarter. Enzi Wealth now owns 2,499 shares of the information services provider’s stock worth $496,000 after buying an additional 65 shares during the period. Finally, Baron Wealth Management LLC increased its stake in shares of Alphabet by 4.9% in the 4th quarter. Baron Wealth Management LLC now owns 4,930 shares of the information services provider’s stock valued at $933,000 after acquiring an additional 231 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ GOOGL opened at $185.34 on Friday. The firm’s 50 day simple moving average is $191.28 and its 200 day simple moving average is $174.64. The firm has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 1.31 and a beta of 0.99. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 1 year low of $130.66 and a 1 year 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, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. As a group, research analysts expect that Alphabet Inc. will post 8.02 earnings per share 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 given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is presently 10.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Loop Capital lifted their price target on shares of Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Evercore ISI boosted their price target on Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. China Renaissance upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Wolfe Research boosted their price target on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Bank of America reissued a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.62.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the transaction, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total value of $3,975,075.00. Following the sale, the chief executive officer now directly owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,529 shares of company stock worth $16,600,078. Corporate insiders own 11.55% of the company’s stock.

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.