Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Diversified Enterprises LLC

Diversified Enterprises LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 15.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,977 shares of the information services provider's stock after acquiring an additional 2,248 shares during the period. Alphabet comprises 0.3% of Diversified Enterprises LLC's holdings, making the stock its 23rd biggest position. Diversified Enterprises LLC's holdings in Alphabet were worth $3,214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GOOGL. Compass Planning Associates Inc acquired a new position in Alphabet in the fourth quarter valued at approximately $30,000. LMR Partners LLP acquired a new position in shares of Alphabet in the 3rd quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Alphabet by 518.8% during 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 buying an additional 166 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in Alphabet during the fourth quarter valued at $39,000. Finally, PayPay Securities Corp increased its holdings in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insiders Place Their Bets

In related news, CAO Amie Thuener O'toole sold 1,368 shares of Alphabet stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $3,961,445.55. This trade represents a 6.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 11,764 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the sale, the insider now owns 49,037 shares in the company, valued at approximately $8,181,333.08. This trade represents a 19.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,103 shares of company stock worth $16,115,139 over the last three months. Company insiders own 11.55% of the company's stock.

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Alphabet Trading Up 0.2 %

Shares of GOOGL stock traded up $0.31 during trading hours on Monday, hitting $154.64. The company had a trading volume of 54,553,702 shares, compared to its average volume of 27,385,685. 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 has a market capitalization of $1.89 trillion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company's fifty day moving average is $178.83 and its 200 day moving average is $177.10. Alphabet Inc. has a fifty-two week low of $147.22 and a fifty-two week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Robert W. Baird reissued an "outperform" rating and set a $205.00 target price on shares of Alphabet in a research note on Tuesday, December 10th. DA Davidson raised their price objective on Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, January 24th. 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. JPMorgan Chase & Co. dropped their price target on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Finally, Morgan Stanley reduced their price objective on shares of Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Ten 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 stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and an average price target of $209.49.

Alphabet 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.