Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Blueprint Investment Partners LLC

Blueprint Investment Partners LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 66.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,009 shares of the information services provider’s stock after acquiring an additional 13,231 shares during the period. Alphabet accounts for about 1.0% of Blueprint Investment Partners LLC’s investment portfolio, making the stock its 25th biggest holding. Blueprint Investment Partners LLC’s holdings in Alphabet were worth $6,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Mosley Wealth Management boosted its stake in Alphabet by 10.4% during the 4th quarter. Mosley Wealth Management now owns 6,172 shares of the information services provider’s stock valued at $1,206,000 after purchasing an additional 579 shares in the last quarter. Swan Global Investments LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at $395,000. Optimum Investment Advisors boosted its stake in Alphabet by 1.2% during the fourth quarter. Optimum Investment Advisors now owns 8,745 shares of the information services provider’s stock valued at $1,655,000 after buying an additional 100 shares in the last quarter. Guardian Partners Inc. acquired a new position in Alphabet during the fourth quarter worth about $11,842,000. Finally, Fortis Capital Management LLC raised its position in Alphabet by 35.3% in the fourth quarter. Fortis Capital Management LLC now owns 5,333 shares of the information services provider’s stock worth $1,010,000 after acquiring an additional 1,392 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird restated an “outperform” rating and set a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Westpark Capital raised Alphabet to a “strong-buy” rating in a research note on Tuesday. Citigroup cut their target price on Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $209.49.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the sale, the director now owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. The trade was a 6.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 17,690 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares of the company’s stock, valued at $7,997,521.61. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,297 shares of company stock valued at $15,936,270 over the last three months. 11.55% of the stock is owned by corporate insiders.

Alphabet Stock Performance

NASDAQ GOOGL opened at $157.04 on Thursday. The firm has a market cap of $1.91 trillion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. 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 $177.19 and its 200-day moving average is $176.95. Alphabet Inc. has a 12-month low of $147.22 and a 12-month high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its earnings results 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 return on equity of 32.49% and a net margin of 28.60%. Sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is 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.