Maestria Partners LLC Invests $13.16 Million in Alphabet Inc. (NASDAQ:GOOGL)

Maestria Partners LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 69,500 shares of the information services provider’s stock, valued at approximately $13,156,000. Alphabet comprises about 5.2% of Maestria Partners LLC’s portfolio, making the stock its 12th largest holding.

A number of other institutional investors have also recently made changes to their positions in GOOGL. Compass Planning Associates Inc purchased a new stake in shares of Alphabet in the fourth quarter valued at $30,000. LMR Partners LLP bought a new position in Alphabet during the 3rd quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. raised its position in Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. bought a new stake in Alphabet in the fourth quarter worth about $39,000. Finally, PayPay Securities Corp boosted its position in shares of Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after buying an additional 65 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 0.2 %

NASDAQ GOOGL opened at $154.64 on Tuesday. Alphabet Inc. has a 1 year low of $147.22 and a 1 year high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $1.89 trillion, a PE ratio of 19.21, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a fifty day moving average of $178.83 and a 200 day moving average of $177.10.

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, 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%. Research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GOOGL. JMP Securities restated a “market perform” rating on shares of Alphabet in a report on Wednesday, February 5th. Jefferies Financial Group reduced their price target on shares of Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday. Needham & Company LLC restated a “buy” rating and issued a $225.00 target price on shares of Alphabet in a research note on Wednesday, February 5th. DZ Bank downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target for the company. in a research note on Thursday, February 6th. Finally, Roth Mkm reiterated a “buy” rating and issued a $220.00 price target on shares of Alphabet in a report on Wednesday, March 19th. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $209.49.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 11,764 shares of Alphabet stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the sale, the insider now directly owns 49,037 shares in the company, valued at approximately $8,181,333.08. The trade was a 19.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,992 shares of company stock valued at $16,093,773. Company 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.