M. Kulyk & Associates LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,076 shares of the information services provider's stock after buying an additional 3,201 shares during the quarter. Alphabet makes up about 3.3% of M. Kulyk & Associates LLC's investment portfolio, making the stock its 8th biggest position. M. Kulyk & Associates LLC's holdings in Alphabet were worth $15,348,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of GOOGL. Pettinga Financial Advisors LLC raised its position in Alphabet by 10.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider's stock valued at $363,000 after purchasing an additional 201 shares during the last quarter. Impax Asset Management Group plc increased its stake in shares of Alphabet by 6.8% in the third quarter. Impax Asset Management Group plc now owns 728,575 shares of the information services provider's stock valued at $120,834,000 after buying an additional 46,677 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Alphabet by 3.1% in the third quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider's stock valued at $1,871,384,000 after buying an additional 337,031 shares during the last quarter. Lewis Asset Management LLC lifted its position in Alphabet by 6.8% during the 3rd quarter. Lewis Asset Management LLC now owns 9,371 shares of the information services provider's stock worth $1,554,000 after buying an additional 600 shares in the last quarter. Finally, Vista Capital Partners Inc. grew its holdings in Alphabet by 42.8% during the 3rd quarter. Vista Capital Partners Inc. now owns 3,889 shares of the information services provider's stock worth $645,000 after acquiring an additional 1,165 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on GOOGL shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research note on Thursday, December 12th. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Piper Sandler decreased their price objective on Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Wedbush upped their price target on Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. Finally, Morgan Stanley cut their price target on Alphabet from $215.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $210.59.
Check Out Our Latest Analysis on GOOGL
Alphabet Stock Performance
Shares of GOOGL traded up $2.88 during trading hours on Tuesday, hitting $170.56. The company had a trading volume of 24,115,277 shares, compared to its average volume of 25,875,971. Alphabet Inc. has a 12 month low of $147.22 and a 12 month high of $207.05. The firm has a market cap of $2.08 trillion, a price-to-earnings ratio of 21.19, a PEG ratio of 1.34 and a beta of 1.02. The business has a fifty day moving average of $182.10 and a 200-day moving average of $176.73. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) 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%. Equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.
Insiders Place Their Bets
In other news, Director John L. Hennessy sold 200 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,368 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,048 shares of company stock worth $17,374,274 in the last quarter. 11.55% of the stock is currently owned by corporate insiders.
Alphabet Company Profile
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Free Report)
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.
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