Emerald Advisers LLC Purchases 2,004 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Emerald Advisers LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,703 shares of the information services provider's stock after acquiring an additional 2,004 shares during the quarter. Emerald Advisers LLC's holdings in Alphabet were worth $4,487,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc purchased a new position in Alphabet during the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of 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 acquiring 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. PayPay Securities Corp grew its stake 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 purchasing an additional 65 shares in the last quarter. Finally, Denver PWM LLC increased its position in Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Down 4.0 %

NASDAQ GOOGL traded down $6.32 on Thursday, reaching $150.72. The company had a trading volume of 46,763,615 shares, compared to its average volume of 27,471,312. The company's fifty day moving average is $177.19 and its 200-day moving average is $176.95. The firm has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. 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 1-year low of $147.22 and a 1-year high of $207.05.

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Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. 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 0.53%. Alphabet's dividend payout ratio is 9.94%.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 200 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now directly owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now owns 15,303 shares of the company's stock, valued at $2,377,014.99. This trade represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,297 shares of company stock valued at $15,936,270 in the last 90 days. 11.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on GOOGL. Stifel Nicolaus increased their price target on shares of Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. The Goldman Sachs Group reiterated a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a report on Thursday, December 12th. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Bank of America reiterated a "buy" rating and set a $210.00 price target on shares of Alphabet in a research note on Monday, December 23rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $225.00 price objective on shares of Alphabet in a report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.13.

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.