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

Fielder Capital Group LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,816 shares of the information services provider’s stock after buying an additional 100 shares during the period. Fielder Capital Group LLC’s holdings in Alphabet were worth $1,290,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bouchey Financial Group Ltd increased its holdings in shares of Alphabet by 12.2% in the fourth quarter. Bouchey Financial Group Ltd now owns 9,209 shares of the information services provider’s stock valued at $1,743,000 after purchasing an additional 999 shares during the period. Anchor Capital Advisors LLC increased its position in Alphabet by 1.1% during the 4th quarter. Anchor Capital Advisors LLC now owns 7,747 shares of the information services provider’s stock worth $1,467,000 after purchasing an additional 85 shares during the period. Financial Security Advisor Inc. increased its position in Alphabet by 7.7% during the 4th quarter. Financial Security Advisor Inc. now owns 39,055 shares of the information services provider’s stock worth $7,393,000 after purchasing an additional 2,794 shares during the period. Hilltop Partners LLC increased its position in Alphabet by 11.5% during the 4th quarter. Hilltop Partners LLC now owns 12,790 shares of the information services provider’s stock worth $2,421,000 after purchasing an additional 1,324 shares during the period. Finally, Sentinel Trust Co. LBA increased its position in Alphabet by 8.4% during the 4th quarter. Sentinel Trust Co. LBA now owns 6,925 shares of the information services provider’s stock worth $1,311,000 after purchasing an additional 534 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of several recent analyst reports. DZ Bank cut Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price on the stock. in a research report on Thursday, February 6th. Morgan Stanley lowered their target price on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company upped their target price on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. DA Davidson upped their target price on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Finally, Piper Sandler lowered their target price on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $210.62.

Alphabet Trading Down 2.6 %

Shares of NASDAQ GOOGL opened at $162.76 on Friday. The stock has a market capitalization of $1.98 trillion, a P/E ratio of 20.22, a PEG ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 52-week low of $140.03 and a 52-week high of $207.05. The stock’s 50 day moving average price is $186.22 and its two-hundred day moving average price is $176.39. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data 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 net margin of 28.60% and a return on equity of 32.49%. On average, analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.49%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $4,085,531.55. This trade represents a 12.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the sale, the director now directly owns 272,466 shares in the company, valued at approximately $50,376,238.74. This trade represents a 9.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,882 shares of company stock worth $17,934,130 over the last quarter. 11.55% of the stock is owned by company insiders.

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.