Brooklyn FI LLC Purchases 157,618 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Brooklyn FI LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6,299.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,120 shares of the information services provider’s stock after acquiring an additional 157,618 shares during the period. Brooklyn FI LLC’s holdings in Alphabet were worth $28,016,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GOOGL. Pettinga Financial Advisors LLC grew its position in Alphabet by 10.1% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock worth $363,000 after acquiring an additional 201 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Alphabet by 3.1% in the third quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock worth $1,871,384,000 after purchasing an additional 337,031 shares during the last quarter. Empirical Finance LLC increased its stake in shares of Alphabet by 2.2% in the third quarter. Empirical Finance LLC now owns 213,673 shares of the information services provider’s stock worth $35,438,000 after buying an additional 4,522 shares during the period. Empowered Funds LLC raised its holdings in Alphabet by 6.6% during the 3rd quarter. Empowered Funds LLC now owns 224,437 shares of the information services provider’s stock valued at $37,223,000 after buying an additional 13,799 shares during the last quarter. Finally, Valley Wealth Managers Inc. boosted its position in Alphabet by 1.7% during the 3rd quarter. Valley Wealth Managers Inc. now owns 141,204 shares of the information services provider’s stock valued at $23,419,000 after buying an additional 2,426 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the sale, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. This represents a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,812 shares of company stock valued at $19,336,979 in the last quarter. 11.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Robert W. Baird reiterated an “outperform” rating and set a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Roth Mkm reiterated a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Piper Sandler decreased their target price on Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus lifted their price target on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, DZ Bank lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective for the company. in a report on Thursday, February 6th. 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $210.59.

Alphabet Stock Down 4.9 %

Shares of Alphabet stock opened at $154.33 on Friday. Alphabet Inc. has a twelve month low of $147.22 and a twelve month high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $179.66 and its 200 day moving average is $176.92. The company has a market cap of $1.88 trillion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. Alphabet’s dividend payout ratio is currently 9.94%.

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.