Anchor Investment Management LLC Has $19.46 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Anchor Investment Management LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 102,799 shares of the information services provider's stock after purchasing an additional 3,279 shares during the quarter. Alphabet accounts for approximately 1.8% of Anchor Investment Management LLC's holdings, making the stock its 7th biggest holding. Anchor Investment Management LLC's holdings in Alphabet were worth $19,460,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GOOGL. Adams Wealth Management boosted its stake in Alphabet by 6.4% in the 4th quarter. Adams Wealth Management now owns 18,618 shares of the information services provider's stock worth $3,524,000 after purchasing an additional 1,113 shares during the period. Kane Investment Management Inc. acquired a new stake in Alphabet during the fourth quarter worth approximately $2,255,000. Lafayette Investments Inc. increased its stake in shares of Alphabet by 5.0% during the fourth quarter. Lafayette Investments Inc. now owns 3,759 shares of the information services provider's stock worth $712,000 after purchasing an additional 180 shares during the period. AGP Franklin LLC acquired a new position in shares of Alphabet in the fourth quarter valued at about $4,080,000. Finally, Rossby Financial LCC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $1,458,000. Institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

GOOGL has been the topic of several research reports. Bank of America reaffirmed a "buy" rating and set a $210.00 price target on shares of Alphabet in a report on Monday, December 23rd. Piper Sandler reduced their target price on shares of Alphabet from $208.00 to $185.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. BMO Capital Markets reiterated an "outperform" rating and issued a $200.00 target price (down from $230.00) on shares of Alphabet in a research note on Thursday, April 17th. Cantor Fitzgerald reduced their price target on Alphabet from $200.00 to $159.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Roth Mkm reaffirmed a "buy" rating and set 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 assigned 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 $200.74.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O'toole sold 673 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was 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 directly owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. This represents a 4.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now directly owns 7,813 shares of the company's stock, valued at $1,293,285.89. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,163 shares of company stock valued at $25,361,647. 11.55% of the stock is owned by corporate insiders.

Alphabet Stock Up 2.0 %

NASDAQ:GOOGL traded up $2.89 during mid-day trading on Tuesday, reaching $150.56. The stock had a trading volume of 6,283,283 shares, compared to its average volume of 28,219,667. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market cap of $1.84 trillion, a P/E ratio of 18.71, 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 $164.42 and its 200 day moving average is $175.78.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued 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, sell-side analysts predict 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. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.53%. Alphabet's dividend payout ratio is 9.94%.

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.