JB Capital LLC Has $9.41 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

JB Capital LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 49,689 shares of the information services provider’s stock after buying an additional 324 shares during the period. JB Capital LLC’s holdings in Alphabet were worth $9,406,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Princeton Global Asset Management LLC boosted its stake in Alphabet by 1.7% during the 4th quarter. Princeton Global Asset Management LLC now owns 63,490 shares of the information services provider’s stock worth $12,019,000 after acquiring an additional 1,038 shares during the last quarter. Oregon Pacific Wealth Management LLC acquired a new stake in Alphabet in the 4th quarter valued at approximately $897,000. Chicago Capital LLC boosted its position in Alphabet by 1.2% during the 4th quarter. Chicago Capital LLC now owns 755,392 shares of the information services provider’s stock worth $142,996,000 after acquiring an additional 8,630 shares during the last quarter. Means Investment CO. Inc. increased its stake in Alphabet by 14.2% in the 4th quarter. Means Investment CO. Inc. now owns 19,339 shares of the information services provider’s stock valued at $3,661,000 after buying an additional 2,401 shares during the last quarter. Finally, Oak Family Advisors LLC boosted its position in Alphabet by 1.3% during the fourth quarter. Oak Family Advisors LLC now owns 40,416 shares of the information services provider’s stock valued at $7,651,000 after purchasing an additional 501 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of recent analyst reports. China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Sanford C. Bernstein upped their price target on shares of Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Robert W. Baird reiterated an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a research report on Tuesday, December 10th. KeyCorp raised their price target on Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research note on Thursday, December 12th. Ten 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.62.

Alphabet Trading Down 0.6 %

NASDAQ GOOGL opened at $185.32 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $207.05. The business has a 50 day moving average price of $191.90 and a 200-day moving average price of $174.76. The company has a market cap of $2.27 trillion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 1.39 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities analysts expect that Alphabet Inc. will post 8.91 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. Investors of record on Monday, March 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Alphabet’s dividend payout ratio is presently 9.94%.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction, the chief executive officer now owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,529 shares of company stock valued at $16,600,078. 11.55% of the stock is owned by corporate insiders.

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.