Alphabet Inc. (NASDAQ:GOOGL) Holdings Lifted by Brooklyn FI LLC

Brooklyn FI LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6,299.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 160,120 shares of the information services provider's stock after purchasing an additional 157,618 shares during the period. Brooklyn FI LLC's holdings in Alphabet were worth $28,016,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Schear Investment Advisers LLC grew its holdings in Alphabet by 17.0% during the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock valued at $5,598,000 after buying an additional 4,905 shares during the last quarter. Permanent Capital Management LP purchased a new stake in shares of Alphabet in the fourth quarter valued at $273,000. Landscape Capital Management L.L.C. boosted its stake in shares of Alphabet by 27.9% during the third quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock valued at $4,192,000 after acquiring an additional 5,516 shares during the last quarter. Glass Wealth Management Co LLC increased its position in Alphabet by 4.5% during the 4th quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock worth $7,014,000 after purchasing an additional 1,580 shares in the last quarter. Finally, Olistico Wealth LLC raised its stake in Alphabet by 9.1% in the 4th quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock valued at $1,700,000 after purchasing an additional 746 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

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Wall Street Analyst Weigh In

GOOGL has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus increased their price target on Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. KeyCorp lowered their price objective on Alphabet from $220.00 to $202.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Roth Mkm restated a "buy" rating and issued a $220.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $209.49.

Alphabet Stock Down 0.0 %

Shares of GOOGL traded down $0.03 during trading on Wednesday, reaching $157.04. The company's stock had a trading volume of 24,682,619 shares, compared to its average volume of 27,382,781. Alphabet Inc. has a twelve month low of $147.22 and a twelve month high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.91 trillion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a fifty day moving average of $177.19 and a two-hundred day moving average of $176.95.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The shares were 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 approximately $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,368 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the sale, the chief accounting officer now directly owns 20,681 shares of the company's stock, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,665 shares of company stock worth $16,198,310 over the last quarter. 11.55% of the stock is owned by corporate insiders.

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.