New Age Alpha Advisors LLC Acquires 92,057 Shares of Alphabet Inc. (NASDAQ:GOOGL)

New Age Alpha Advisors LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13,151.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,757 shares of the information services provider's stock after buying an additional 92,057 shares during the period. Alphabet accounts for 0.7% of New Age Alpha Advisors LLC's investment portfolio, making the stock its 19th largest holding. New Age Alpha Advisors LLC's holdings in Alphabet were worth $17,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Compass Planning Associates Inc purchased a new position in Alphabet during the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in Alphabet by 518.8% during the 4th 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 during the last quarter. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter worth $39,000. PayPay Securities Corp raised its position in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after buying an additional 65 shares during the last quarter. Finally, Denver PWM LLC raised its position in Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GOOGL shares. Westpark Capital upgraded shares of Alphabet to a "strong-buy" rating in a research report on Tuesday, April 1st. Bank of America reiterated a "buy" rating and issued a $210.00 price target on shares of Alphabet in a report on Monday, December 23rd. UBS Group set a $190.00 price target on shares of Alphabet in a report on Thursday, March 27th. DA Davidson increased their price target on shares of Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $210.00 price target on shares of Alphabet in a report on Thursday, December 12th. Ten equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $207.38.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded down $2.64 on Thursday, reaching $156.07. 10,105,055 shares of the company's stock were exchanged, compared to its average volume of 32,860,719. The firm has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The business's 50-day moving average is $170.47 and its two-hundred day moving average is $176.32. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company 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 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is presently 9.94%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,797 shares of company stock valued at $21,089,470. 11.55% of the stock is currently owned by corporate insiders.

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.