Belpointe Asset Management LLC Raises Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Belpointe Asset Management LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,357 shares of the information services provider's stock after purchasing an additional 2,691 shares during the quarter. Alphabet comprises approximately 0.7% of Belpointe Asset Management LLC's portfolio, making the stock its 20th largest holding. Belpointe Asset Management LLC's holdings in Alphabet were worth $12,372,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GOOGL. FMR LLC increased its stake in Alphabet by 9.8% in the fourth quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock valued at $47,025,322,000 after acquiring an additional 22,100,902 shares during the last quarter. Norges Bank bought a new stake in Alphabet in the 4th quarter worth approximately $24,383,677,000. Wellington Management Group LLP boosted its stake in Alphabet by 15.9% in the fourth quarter. Wellington Management Group LLP now owns 66,050,135 shares of the information services provider's stock worth $12,503,291,000 after buying an additional 9,042,271 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Alphabet by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock worth $10,559,240,000 after acquiring an additional 4,567,275 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Alphabet by 1.5% in the 4th quarter. Fisher Asset Management LLC now owns 50,615,038 shares of the information services provider's stock worth $9,581,427,000 after acquiring an additional 757,138 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet stock in a transaction that occurred on 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 of the company's stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock valued at $25,361,647 in the last three months. 11.55% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of GOOGL traded up $2.39 during trading hours on Tuesday, hitting $150.06. 4,926,402 shares of the stock were exchanged, compared to its average volume of 28,215,209. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock's 50-day moving average price is $164.42 and its two-hundred day moving average price is $175.78. The company has a market cap of $1.83 trillion, a price-to-earnings ratio of 18.61, 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 results 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 net margin of 28.60% and a return on equity of 32.49%. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed 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. This represents a $0.80 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

Analyst Ratings Changes

Several research analysts have recently commented on GOOGL shares. Rosenblatt Securities reiterated a "neutral" rating and issued a $205.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. DA Davidson dropped their price objective on Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Westpark Capital upgraded shares of Alphabet to a "strong-buy" rating in a report on Tuesday, April 1st. Wolfe Research raised their price target on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group dropped their target price on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a report on Monday, March 31st. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $200.74.

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.