Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Scholtz & Company LLC

Scholtz & Company LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,079 shares of the information services provider's stock after buying an additional 2,277 shares during the period. Alphabet accounts for about 5.5% of Scholtz & Company LLC's investment portfolio, making the stock its 5th largest position. Scholtz & Company LLC's holdings in Alphabet were worth $11,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of GOOGL. Discovery Capital Management LLC CT purchased a new stake in Alphabet during the fourth quarter valued at $7,894,000. OV Management LLC increased its holdings in shares of Alphabet by 6.0% in the 4th quarter. OV Management LLC now owns 39,041 shares of the information services provider's stock worth $7,390,000 after buying an additional 2,193 shares during the last quarter. May Hill Capital LLC purchased a new stake in shares of Alphabet during the 4th quarter valued at about $1,292,000. Treynor Bancshares Inc. bought a new position in shares of Alphabet in the 4th quarter valued at about $213,000. Finally, Invenio Wealth Partners LLC grew its position in Alphabet by 8.2% in the fourth quarter. Invenio Wealth Partners LLC now owns 12,519 shares of the information services provider's stock worth $2,370,000 after acquiring an additional 951 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GOOGL shares. JMP Securities restated a "market perform" rating on shares of Alphabet in a research report on Thursday. Mizuho decreased their price target on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a report on Wednesday. Citigroup dropped their price objective on shares of Alphabet from $229.00 to $195.00 and set a "buy" rating for the company in a research note on Thursday. Bank of America reiterated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Finally, Roth Mkm restated a "buy" rating and issued a $220.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $206.51.

Alphabet Stock Up 2.8 %

NASDAQ:GOOGL traded up $4.32 during midday trading on Friday, reaching $157.14. 33,590,459 shares of the stock traded hands, compared to its average volume of 28,213,740. The business has a 50-day moving average of $168.52 and a two-hundred day moving average of $176.31. 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 Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The stock has a market capitalization of $1.92 trillion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

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

Alphabet Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now directly owns 21,824 shares of the company's stock, valued at approximately $4,142,195.20. This represents a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the transaction, the chief accounting officer now owns 17,847 shares of the company's stock, valued at approximately $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,797 shares of company stock valued at $21,089,470 in the last three months. 11.55% of the stock is owned by 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.