Alexander Labrunerie & CO. Inc. Acquires 141 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Alexander Labrunerie & CO. Inc. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,233 shares of the information services provider’s stock after acquiring an additional 141 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in Alphabet were worth $1,748,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sargent Investment Group LLC increased its holdings in shares of Alphabet by 15.8% during the fourth quarter. Sargent Investment Group LLC now owns 48,396 shares of the information services provider’s stock valued at $9,244,000 after acquiring an additional 6,588 shares in the last quarter. Old North State Wealth Management LLC increased its stake in Alphabet by 38.7% during the 4th quarter. Old North State Wealth Management LLC now owns 4,909 shares of the information services provider’s stock valued at $931,000 after purchasing an additional 1,369 shares in the last quarter. HTG Investment Advisors Inc. raised its holdings in Alphabet by 5.1% in the fourth quarter. HTG Investment Advisors Inc. now owns 1,621 shares of the information services provider’s stock worth $307,000 after buying an additional 78 shares during the last quarter. Cassia Capital Partners LLC lifted its stake in shares of Alphabet by 31.4% in the fourth quarter. Cassia Capital Partners LLC now owns 6,093 shares of the information services provider’s stock worth $1,153,000 after buying an additional 1,456 shares in the last quarter. Finally, Tanager Wealth Management LLP grew its holdings in shares of Alphabet by 10.4% during the fourth quarter. Tanager Wealth Management LLP now owns 27,252 shares of the information services provider’s stock valued at $5,159,000 after buying an additional 2,561 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s 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 transaction, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,529 shares of company stock valued at $16,600,078. Corporate insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GOOGL shares. Piper Sandler lowered their price objective on Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley dropped their price objective on Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. DZ Bank lowered Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price for the company. in a research report on Thursday, February 6th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Finally, Stifel Nicolaus lifted their price target on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

Alphabet Price Performance

Shares of Alphabet stock opened at $185.23 on Friday. The firm has a market cap of $2.27 trillion, a PE ratio of 23.01, a P/E/G ratio of 1.39 and a beta of 0.99. The business has a 50-day moving average price of $192.64 and a 200 day moving average price of $175.03. 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 twelve month low of $130.66 and a twelve month high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Alphabet Inc. will post 8.91 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. Alphabet’s payout ratio 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.