Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by 7G Capital Management LLC

7G Capital Management LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 22.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,000 shares of the information services provider's stock after acquiring an additional 25,000 shares during the quarter. Alphabet comprises 22.5% of 7G Capital Management LLC's holdings, making the stock its 2nd largest holding. 7G Capital Management LLC's holdings in Alphabet were worth $25,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Westpark Capital raised shares of Alphabet to a "strong-buy" rating in a research note on Tuesday, April 1st. Roth Mkm reissued a "buy" rating and set a $220.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Piper Sandler decreased their price target on Alphabet from $208.00 to $185.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Cantor Fitzgerald dropped their price objective on Alphabet from $200.00 to $159.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, KeyCorp reduced their price objective on Alphabet from $220.00 to $202.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $200.74.

Insider Activity

In other news, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction 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. This represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,163 shares of company stock valued at $25,361,647. 11.55% of the stock is currently owned by insiders.

Alphabet Stock Up 2.6 %

Shares of NASDAQ GOOGL opened at $151.47 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $163.72 and a 200 day moving average of $175.61. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The stock has a market cap of $1.85 trillion, a PE ratio of 18.82, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.53%. Alphabet's 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.

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