Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,904 shares of the information services provider's stock after purchasing an additional 1,372 shares during the quarter. Alphabet makes up about 0.7% of Burns Matteson Capital Management LLC's portfolio, making the stock its 29th biggest holding. Burns Matteson Capital Management LLC's holdings in Alphabet were worth $1,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Cliftonlarsonallen Wealth Advisors LLC boosted its position in shares of Alphabet by 27.4% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 22,355 shares of the information services provider's stock valued at $3,708,000 after acquiring an additional 4,811 shares during the last quarter. Occidental Asset Management LLC boosted its position in shares of Alphabet by 10.4% during the 3rd quarter. Occidental Asset Management LLC now owns 5,787 shares of the information services provider's stock valued at $960,000 after acquiring an additional 543 shares during the last quarter. Boomfish Wealth Group LLC boosted its position in shares of Alphabet by 4.8% during the 3rd quarter. Boomfish Wealth Group LLC now owns 2,167 shares of the information services provider's stock valued at $359,000 after acquiring an additional 100 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. boosted its position in shares of Alphabet by 1.3% during the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 38,192 shares of the information services provider's stock valued at $6,380,000 after acquiring an additional 506 shares during the last quarter. Finally, TTP Investments Inc. boosted its position in shares of Alphabet by 20.2% during the 3rd quarter. TTP Investments Inc. now owns 17,704 shares of the information services provider's stock valued at $2,936,000 after acquiring an additional 2,975 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of Alphabet stock traded down $4.90 during trading hours on Friday, hitting $179.66. 35,094,289 shares of the company were exchanged, compared to its average volume of 28,166,218. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $207.05. 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 business has a 50-day moving average of $192.46 and a 200-day moving average of $175.69. The stock has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 1.34 and a beta of 0.99.

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 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, analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's payout ratio is 9.94%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Piper Sandler reduced their price objective on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. China Renaissance upgraded shares of Alphabet from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. DZ Bank lowered shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective on the stock. in a report on Thursday, February 6th. Sanford C. Bernstein boosted their price objective on shares of Alphabet from $180.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and an average price target of $210.62.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 16,820 shares of the firm's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 1,367 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares of the company's stock, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,299 shares of company stock worth $25,055,751. 11.55% of the stock is owned by corporate insiders.

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.