Susquehanna Fundamental Investments LLC Acquires Shares of 191,539 Alphabet Inc. (NASDAQ:GOOGL)

Susquehanna Fundamental Investments LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 191,539 shares of the information services provider's stock, valued at approximately $36,258,000. Alphabet makes up approximately 0.5% of Susquehanna Fundamental Investments LLC's portfolio, making the stock its 21st biggest position.

Several other hedge funds have also modified their holdings of the company. Compass Planning Associates Inc acquired a new stake in shares of Alphabet in the fourth quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet in the fourth quarter worth approximately $39,000. PayPay Securities Corp boosted its stake in shares of Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after acquiring an additional 65 shares during the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of Alphabet in the fourth quarter worth approximately $53,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 0.8 %

Shares of NASDAQ:GOOGL traded down $1.35 on Monday, hitting $160.61. 29,697,494 shares of the company's stock were exchanged, compared to its average volume of 28,296,295. The firm's 50-day moving average is $162.18 and its 200 day moving average is $175.62. The company has a market capitalization of $1.96 trillion, a PE ratio of 19.95, 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 quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. The business had revenue of $76.49 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same period in the prior year, the firm posted $1.89 EPS. Sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a $0.21 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.52%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is currently 9.36%.

Analyst Ratings Changes

A number of analysts have recently issued reports on GOOGL shares. Westpark Capital raised Alphabet to a "strong-buy" rating in a research note on Tuesday, April 1st. Needham & Company LLC reissued a "buy" rating and set a $178.00 price objective on shares of Alphabet in a research note on Friday. Piper Sandler boosted their price objective on Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday. Susquehanna lowered their price objective on Alphabet from $225.00 to $220.00 and set a "positive" rating on the stock in a research note on Friday. Finally, BMO Capital Markets reissued an "outperform" rating and set a $200.00 price objective (down previously from $230.00) on shares of Alphabet in a research note on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $198.63.

Insider Activity

In related news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. This represents a 1.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This trade represents a 2.50 % 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 company 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.