ZEGA Investments LLC Makes New $4.33 Million Investment in Alphabet Inc. (NASDAQ:GOOGL)

ZEGA Investments LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,606 shares of the information services provider's stock, valued at approximately $4,326,000. Alphabet makes up 1.1% of ZEGA Investments LLC's portfolio, making the stock its 16th largest holding.

A number of other large investors have also modified their holdings of GOOGL. Bennett Selby Investments LP boosted its stake in Alphabet by 4.0% in the 4th quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock worth $256,000 after purchasing an additional 52 shares during the period. Macroview Investment Management LLC raised its holdings in Alphabet by 4.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock valued at $245,000 after buying an additional 52 shares during the period. Conrad Siegel Investment Advisors Inc. boosted its stake in shares of Alphabet by 0.5% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock worth $1,864,000 after purchasing an additional 53 shares during the period. Cornerstone Planning Group LLC raised its holdings in shares of Alphabet by 2.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after buying an additional 53 shares during the period. Finally, Addison Advisors LLC lifted its position in shares of Alphabet by 0.7% during the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

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Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of recent research reports. Robert W. Baird reissued an "outperform" rating and set a $205.00 price target on shares of Alphabet in a research report on Tuesday, December 10th. KeyCorp dropped their price objective on shares of Alphabet from $220.00 to $202.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $205.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. DA Davidson upped their price target on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Finally, Westpark Capital raised Alphabet to a "strong-buy" rating in a research note on Tuesday. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $209.13.

Insiders Place Their Bets

In related news, CAO Amie Thuener O'toole sold 1,340 shares of the firm's stock in a transaction 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 owns 17,848 shares of the company's stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the transaction, the insider now directly owns 43,111 shares of the company's stock, valued at $7,997,521.61. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,797 shares of company stock valued at $21,089,470 over the last ninety days. 11.55% of the stock is currently owned by company insiders.

Alphabet Trading Down 3.4 %

Shares of NASDAQ:GOOGL traded down $5.12 during mid-day trading on Friday, reaching $145.60. The stock had a trading volume of 62,123,086 shares, compared to its average volume of 27,597,046. The firm has a 50 day simple moving average of $175.15 and a two-hundred day simple moving average of $176.81. The firm has a market cap of $1.77 trillion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a twelve month low of $145.38 and a twelve month high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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 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 was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.55%. Alphabet's dividend payout ratio is 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.