Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by BayBridge Capital Group LLC

BayBridge Capital Group LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 12,159 shares of the information services provider’s stock after acquiring an additional 148 shares during the period. Alphabet accounts for about 1.7% of BayBridge Capital Group LLC’s holdings, making the stock its 12th biggest position. BayBridge Capital Group LLC’s holdings in Alphabet were worth $2,302,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Austin Asset Management Co Inc lifted its holdings in shares of Alphabet by 20.8% during the 4th quarter. Austin Asset Management Co Inc now owns 4,288 shares of the information services provider’s stock worth $812,000 after acquiring an additional 738 shares during the period. Quattro Financial Advisors LLC increased its position in Alphabet by 1.0% during the fourth quarter. Quattro Financial Advisors LLC now owns 81,834 shares of the information services provider’s stock worth $16,311,000 after purchasing an additional 772 shares during the last quarter. Cidel Asset Management Inc. increased its position in Alphabet by 65.3% during the fourth quarter. Cidel Asset Management Inc. now owns 228,015 shares of the information services provider’s stock worth $43,196,000 after purchasing an additional 90,070 shares during the last quarter. Clarity Wealth Advisors LLC raised its stake in Alphabet by 1.4% during the fourth quarter. Clarity Wealth Advisors LLC now owns 52,367 shares of the information services provider’s stock worth $9,913,000 after purchasing an additional 727 shares during the period. Finally, Northstar Group Inc. boosted its holdings in shares of Alphabet by 0.7% in the 4th quarter. Northstar Group Inc. now owns 71,532 shares of the information services provider’s stock valued at $13,541,000 after purchasing an additional 481 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of several research reports. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Wedbush raised their price objective on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. 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. Roth Mkm raised their price target on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Citigroup reduced their price target on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Ten 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Insider Activity at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the sale, the director now directly owns 282,832 shares of the company’s stock, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,529 shares of company stock valued at $16,600,078 in the last quarter. Insiders own 11.55% of the company’s stock.

Alphabet Trading Down 0.5 %

NASDAQ:GOOGL opened at $185.23 on Tuesday. The company has a market cap of $2.27 trillion, a PE ratio of 23.01, a P/E/G ratio of 1.39 and a beta of 0.99. The business’s 50 day moving average is $192.85 and its two-hundred day moving average is $175.20. The company has a quick ratio of 1.95, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $207.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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, analysts predict that Alphabet Inc. will post 8.91 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared 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. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 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.