Southeast Asset Advisors LLC Has $1.91 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Southeast Asset Advisors LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,099 shares of the information services provider's stock after purchasing an additional 1,719 shares during the quarter. Southeast Asset Advisors LLC's holdings in Alphabet were worth $1,912,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Alphabet during the fourth quarter worth about $24,383,677,000. FMR LLC lifted its holdings in Alphabet by 9.8% during the 4th quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock worth $47,025,322,000 after buying an additional 22,100,902 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Alphabet by 15.9% during the 4th 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 during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Alphabet by 20,990.0% in the 4th quarter. Proficio Capital Partners LLC now owns 6,186,748 shares of the information services provider's stock valued at $1,171,151,000 after acquiring an additional 6,157,413 shares during the last quarter. Finally, Amundi increased its holdings in shares of Alphabet by 18.7% in the 4th quarter. Amundi now owns 29,866,698 shares of the information services provider's stock valued at $5,792,317,000 after acquiring an additional 4,694,621 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

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Alphabet Trading Down 1.7 %

NASDAQ GOOGL traded down $2.76 on Tuesday, hitting $156.31. 27,453,571 shares of the stock were exchanged, compared to its average volume of 28,219,399. The company's 50-day moving average price is $167.87 and its two-hundred day moving average price is $176.28. The company has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

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, beating 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%. Research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GOOGL. Mizuho dropped their target price on shares of Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Wedbush set a $190.00 target price on shares of Alphabet and gave the stock an "outperform" rating in a report on Tuesday. Roth Mkm reaffirmed a "buy" rating and set a $220.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Piper Sandler cut their price target on Alphabet from $208.00 to $185.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, JMP Securities restated a "market perform" rating on shares of Alphabet in a research note on Thursday, April 10th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $204.72.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was 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 owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares of the company's stock, valued at $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,497 shares of company stock valued at $20,837,150. Corporate insiders own 11.55% of the company's stock.

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.