Apollon Financial LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,611 shares of the information services provider's stock after purchasing an additional 1,419 shares during the period. Alphabet accounts for 2.4% of Apollon Financial LLC's portfolio, making the stock its 11th largest position. Apollon Financial LLC's holdings in Alphabet were worth $9,581,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westbourne Investment Advisors Inc. lifted its stake in Alphabet by 0.5% in the 4th quarter. Westbourne Investment Advisors Inc. now owns 96,407 shares of the information services provider's stock worth $18,250,000 after acquiring an additional 477 shares in the last quarter. TFG Advisers LLC boosted its holdings in Alphabet by 1.9% in the 4th quarter. TFG Advisers LLC now owns 24,009 shares of the information services provider's stock valued at $4,545,000 after purchasing an additional 440 shares during the period. Vest Financial LLC lifted its position in shares of Alphabet by 13.5% in the 4th quarter. Vest Financial LLC now owns 24,826 shares of the information services provider's stock worth $4,700,000 after acquiring an additional 2,957 shares during the period. BayBridge Capital Group LLC raised its stake in shares of Alphabet by 1.2% in the 4th quarter. BayBridge Capital Group LLC now owns 12,159 shares of the information services provider's stock valued at $2,302,000 after buying an additional 148 shares in the last quarter. Finally, Austin Asset Management Co Inc lifted its stake in Alphabet by 20.8% during the fourth quarter. Austin Asset Management Co Inc now owns 4,288 shares of the information services provider's stock worth $812,000 after purchasing an additional 738 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.
Alphabet Price Performance
Shares of GOOGL traded down $0.71 on Thursday, hitting $184.56. The company's stock had a trading volume of 20,381,441 shares, compared to its average volume of 27,250,016. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The company has a 50 day moving average price of $192.67 and a 200 day moving average price of $175.55. 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 company has a market capitalization of $2.25 trillion, a PE ratio of 22.93, a PEG ratio of 1.34 and a beta of 0.99.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its 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%. On average, research analysts anticipate 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 will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.
Insider Transactions at Alphabet
In related news, CAO Amie Thuener O'toole sold 1,340 shares of the firm's 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 transaction, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the firm's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company's stock, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 116,609 shares of company stock worth $21,809,990 in the last ninety days. Insiders own 11.55% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on GOOGL shares. Cantor Fitzgerald lowered their price objective on shares of Alphabet from $215.00 to $210.00 and set a "neutral" rating for the company in a research report on Wednesday, January 22nd. Robert W. Baird restated an "outperform" rating and issued a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. Phillip Securities raised shares of Alphabet to a "strong-buy" rating in a research report on Friday, November 1st. Pivotal Research increased their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Wedbush raised their target price on shares of Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.62.
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About Alphabet
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Free Report)
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.
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