Anthracite Investment Company Inc. Has $2.46 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Anthracite Investment Company Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 85.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,000 shares of the information services provider's stock after buying an additional 6,000 shares during the period. Anthracite Investment Company Inc.'s holdings in Alphabet were worth $2,461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in GOOGL. Principal Financial Group Inc. raised its position in shares of Alphabet by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider's stock worth $1,871,384,000 after acquiring an additional 337,031 shares in the last quarter. America First Investment Advisors LLC grew its stake in shares of Alphabet by 0.6% in the third quarter. America First Investment Advisors LLC now owns 140,442 shares of the information services provider's stock worth $23,292,000 after acquiring an additional 843 shares during the last quarter. German American Bancorp Inc. raised its holdings in Alphabet by 6.9% in the third quarter. German American Bancorp Inc. now owns 201,974 shares of the information services provider's stock worth $33,497,000 after buying an additional 12,966 shares during the last quarter. Makena Capital Management LLC lifted its stake in shares of Alphabet by 0.3% in the third quarter. Makena Capital Management LLC now owns 91,834 shares of the information services provider's stock worth $15,231,000 after buying an additional 314 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its holdings in shares of Alphabet by 29.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 5,189 shares of the information services provider's stock valued at $861,000 after buying an additional 1,181 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Down 1.4 %

NASDAQ GOOGL traded down $2.05 on Tuesday, hitting $144.70. 52,057,119 shares of the company were exchanged, compared to its average volume of 27,918,525. The company's 50 day moving average price is $172.22 and its 200-day moving average price is $176.46. The firm has a market capitalization of $1.76 trillion, a P/E ratio of 17.98, 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 current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05.

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, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.55%. Alphabet's dividend payout ratio is presently 9.94%.

Analyst Ratings Changes

Several analysts have commented on the company. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Robert W. Baird reiterated an "outperform" rating and issued a $205.00 price objective on shares of Alphabet in a report on Tuesday, December 10th. Rosenblatt Securities reissued a "neutral" rating and issued a $205.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Piper Sandler dropped their price target on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a report on Thursday, December 12th. Ten investment 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $208.10.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value 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. The trade was a 4.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,797 shares of company stock worth $21,089,470 in the last quarter. 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.