RAM Investment Partners LLC Raises Position in Alphabet Inc. (NASDAQ:GOOGL)

RAM Investment Partners LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,514 shares of the information services provider’s stock after buying an additional 605 shares during the period. Alphabet makes up 0.4% of RAM Investment Partners LLC’s portfolio, making the stock its 23rd biggest position. RAM Investment Partners LLC’s holdings in Alphabet were worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of GOOGL. Orca Investment Management LLC boosted its position in shares of Alphabet by 2.1% in the third quarter. Orca Investment Management LLC now owns 17,888 shares of the information services provider’s stock worth $2,967,000 after buying an additional 366 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Alphabet by 14.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,509 shares of the information services provider’s stock valued at $1,743,000 after purchasing an additional 1,288 shares during the last quarter. Accelerate Investment Advisors LLC purchased a new position in Alphabet in the third quarter valued at about $439,000. Procyon Advisors LLC raised its stake in Alphabet by 13.5% during the third quarter. Procyon Advisors LLC now owns 147,294 shares of the information services provider’s stock valued at $24,418,000 after buying an additional 17,465 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in Alphabet during the third quarter valued at approximately $464,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,919 shares of company stock valued at $18,528,318. Insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GOOGL. JPMorgan Chase & Co. cut their price objective on Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. KeyCorp upped their price objective on Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Piper Sandler dropped their price target on Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Cantor Fitzgerald dropped their price target on Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Finally, Stifel Nicolaus increased their price target on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $185.19 on Thursday. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The business has a 50-day moving average of $192.81 and a two-hundred day moving average of $175.49. The stock has a market capitalization of $2.26 trillion, a P/E ratio of 23.01, a P/E/G ratio of 1.35 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

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

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. Alphabet’s dividend payout ratio is presently 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.