Capstone Capital LLC Makes New $227,000 Investment in Alphabet Inc. (NASDAQ:GOOGL)

Capstone Capital LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,199 shares of the information services provider’s stock, valued at approximately $227,000. Alphabet accounts for about 0.2% of Capstone Capital LLC’s portfolio, making the stock its 21st largest holding.

A number of other large investors have also bought and sold shares of the company. Brick & Kyle Associates lifted its holdings in shares of Alphabet by 3.2% in the second quarter. Brick & Kyle Associates now owns 58,083 shares of the information services provider’s stock worth $10,216,000 after buying an additional 1,824 shares in the last quarter. Driehaus Capital Management LLC lifted its position in Alphabet by 117.4% during the second quarter. Driehaus Capital Management LLC now owns 16,201 shares of the information services provider’s stock valued at $2,951,000 after purchasing an additional 8,750 shares during the last quarter. SkyView Investment Advisors LLC raised its position in Alphabet by 8.5% during the second quarter. SkyView Investment Advisors LLC now owns 2,176 shares of the information services provider’s stock valued at $396,000 after purchasing an additional 170 shares in the last quarter. Ascent Group LLC boosted its holdings in shares of Alphabet by 8.3% in the 2nd quarter. Ascent Group LLC now owns 104,276 shares of the information services provider’s stock worth $18,994,000 after purchasing an additional 8,031 shares in the last quarter. Finally, Buck Wealth Strategies LLC purchased a new stake in shares of Alphabet in the 2nd quarter valued at $9,555,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total value of $3,975,075.00. Following the sale, the chief executive officer now owns 2,061,806 shares in the company, valued at $364,259,266.02. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,529 shares of company stock worth $16,600,078 in the last quarter. 11.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GOOGL shares. KeyCorp raised their price target on Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Piper Sandler decreased their price objective on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday. Wells Fargo & Company lifted their price objective on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. JMP Securities reissued a “market perform” rating on shares of Alphabet in a research report on Wednesday. Finally, Wolfe Research lifted their price target on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $191.60 on Friday. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $207.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market cap of $2.35 trillion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.31 and a beta of 0.99. The firm has a fifty day moving average price of $190.83 and a 200-day moving average price of $174.52.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results 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 return on equity of 31.66% and a net margin of 27.74%. Equities analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. Alphabet’s dividend payout ratio (DPR) 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.