Alphabet Inc. (NASDAQ:GOOGL) is Moors & Cabot Inc.'s 8th Largest Position

Moors & Cabot Inc. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 148,663 shares of the information services provider's stock after buying an additional 6,006 shares during the period. Alphabet comprises about 1.3% of Moors & Cabot Inc.'s portfolio, making the stock its 8th largest holding. Moors & Cabot Inc.'s holdings in Alphabet were worth $28,142,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Compass Planning Associates Inc acquired a new stake in Alphabet in the 4th quarter valued at about $30,000. LMR Partners LLP purchased a new stake in shares of Alphabet in the third quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in Alphabet during the fourth quarter worth approximately $39,000. Finally, PayPay Securities Corp lifted its position in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,368 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now 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 disclosure for this sale can be found here. Insiders sold 93,048 shares of company stock valued at $17,374,274 in the last 90 days. 11.55% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

A number of analysts have issued reports on GOOGL shares. DA Davidson raised their target price on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Wedbush raised their price objective on shares of Alphabet from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Robert W. Baird reiterated an "outperform" rating and issued a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Roth Mkm reiterated a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $210.59.

Alphabet Price Performance

Shares of NASDAQ GOOGL traded down $2.82 during midday trading on Thursday, hitting $162.24. The company had a trading volume of 24,457,915 shares, compared to its average volume of 25,900,177. The firm has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a twelve month low of $147.22 and a twelve month high of $207.05. The business has a 50-day simple moving average of $181.11 and a two-hundred day simple moving average of $176.78. 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 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%. Equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

About Alphabet

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.