Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 6.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,719 shares of the information services provider’s stock after acquiring an additional 332 shares during the period. Samalin Investment Counsel LLC’s holdings in Alphabet were worth $1,083,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its position in shares of Alphabet by 3.1% during 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 acquiring an additional 337,031 shares during the period. BIP Wealth LLC increased its holdings in Alphabet by 5.1% during the 3rd quarter. BIP Wealth LLC now owns 7,302 shares of the information services provider’s stock worth $1,211,000 after purchasing an additional 354 shares during the period. Wrapmanager Inc. raised its position in Alphabet by 17.1% in the 3rd quarter. Wrapmanager Inc. now owns 18,261 shares of the information services provider’s stock valued at $3,029,000 after purchasing an additional 2,670 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Alphabet by 23.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 163,970 shares of the information services provider’s stock valued at $27,194,000 after buying an additional 31,482 shares during the period. Finally, Princeton Capital Management LLC grew its position in shares of Alphabet by 2.5% during the third quarter. Princeton Capital Management LLC now owns 96,294 shares of the information services provider’s stock worth $15,970,000 after buying an additional 2,358 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 673 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now directly owns 15,303 shares in the company, valued at approximately $2,377,014.99. This trade represents a 4.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 17,690 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the sale, the insider now directly owns 43,111 shares in the company, valued at $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,297 shares of company stock valued at $15,936,270 in the last 90 days. 11.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GOOGL. Piper Sandler cut their price target on Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. DA Davidson upped their price target on Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, January 24th. JMP Securities reissued a “market perform” rating on shares of Alphabet in a report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their target price on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $209.49.

Alphabet Stock Down 0.0 %

GOOGL stock opened at $157.04 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $177.19 and its 200 day moving average price is $176.95. Alphabet Inc. has a 52 week low of $147.22 and a 52 week high of $207.05. The company has a market cap of $1.91 trillion, a P/E ratio of 19.51, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping 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%. On average, research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Alphabet 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.