12,153 Shares in Alphabet Inc. (NASDAQ:GOOGL) Acquired by MSH Capital Advisors LLC

MSH Capital Advisors LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 12,153 shares of the information services provider's stock, valued at approximately $2,301,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Community Bank N.A. grew its holdings in shares of Alphabet by 6.4% during the fourth quarter. Community Bank N.A. now owns 46,173 shares of the information services provider's stock valued at $8,741,000 after buying an additional 2,790 shares during the last quarter. Premier Fund Managers Ltd grew its holdings in shares of Alphabet by 30.0% during the fourth quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider's stock valued at $11,816,000 after buying an additional 14,262 shares during the last quarter. Absolute Capital Management LLC grew its holdings in shares of Alphabet by 14.0% during the fourth quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider's stock valued at $401,000 after buying an additional 258 shares during the last quarter. Permanent Capital Management LP purchased a new stake in shares of Alphabet during the fourth quarter valued at $273,000. Finally, Glass Wealth Management Co LLC grew its holdings in shares of Alphabet by 4.5% during the fourth quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock valued at $7,014,000 after buying an additional 1,580 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wedbush set a $190.00 price objective on shares of Alphabet and gave the company an "outperform" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. JMP Securities reaffirmed a "market perform" rating on shares of Alphabet in a report on Thursday, April 10th. Morgan Stanley lowered their price target on shares of Alphabet from $210.00 to $185.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Piper Sandler lowered their price target on shares of Alphabet from $208.00 to $185.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.90.

Alphabet Stock Up 2.4 %

Shares of GOOGL stock traded up $3.67 during trading on Wednesday, reaching $155.14. The company's stock had a trading volume of 12,266,528 shares, compared to its average volume of 28,249,558. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock's 50-day moving average price is $163.72 and its 200 day moving average price is $175.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data 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, research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is presently 9.94%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the firm's stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total value of $5,075,200.00. Following the sale, the chief executive officer now directly owns 2,685,196 shares in the company, valued at $419,320,207.36. This trade represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,163 shares of company stock valued at $25,361,647. 11.55% of the stock is currently owned by corporate insiders.

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.