Brueske Advisory Services LLC Acquires New Shares in Alphabet Inc. (NASDAQ:GOOGL)

Brueske Advisory Services LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,095 shares of the information services provider's stock, valued at approximately $397,000.

A number of other institutional investors have also recently bought and sold shares of GOOGL. Pettinga Financial Advisors LLC lifted its position in shares of Alphabet by 10.1% in the third quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider's stock worth $363,000 after buying an additional 201 shares during the last quarter. Solidarity Wealth LLC lifted its position in shares of Alphabet by 4.8% in the third quarter. Solidarity Wealth LLC now owns 100,497 shares of the information services provider's stock worth $16,667,000 after buying an additional 4,594 shares during the last quarter. Boyd Wealth Management LLC lifted its position in shares of Alphabet by 6.4% in the third quarter. Boyd Wealth Management LLC now owns 1,660 shares of the information services provider's stock worth $275,000 after buying an additional 100 shares during the last quarter. Financial Advocates Investment Management lifted its position in shares of Alphabet by 1.8% in the third quarter. Financial Advocates Investment Management now owns 36,140 shares of the information services provider's stock worth $5,994,000 after buying an additional 639 shares during the last quarter. Finally, Voisard Asset Management Group Inc. lifted its position in shares of Alphabet by 1.6% in the third quarter. Voisard Asset Management Group Inc. now owns 4,262 shares of the information services provider's stock worth $707,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Up 1.9 %

NASDAQ:GOOGL opened at $167.11 on Thursday. The stock's fifty day moving average price is $186.76 and its two-hundred day moving average price is $176.48. Alphabet Inc. has a 52-week low of $138.99 and a 52-week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market cap of $2.04 trillion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.34 and a beta of 1.02.

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Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. On average, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley reduced their price target on Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. DA Davidson lifted their price objective on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Piper Sandler dropped their price objective on Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Wedbush lifted their price objective on Alphabet from $210.00 to $220.00 and gave the stock an "outperform" rating in a research note on Monday, January 6th. Finally, Wells Fargo & Company lifted their price objective on Alphabet from $187.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Ten 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $210.62.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the transaction, the director now owns 272,466 shares of the company's stock, valued at $50,376,238.74. This represents a 9.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,374 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares in the company, valued at approximately $2,606,213.28. This trade represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,682 shares of company stock valued at $17,901,024 in the last 90 days. 11.55% of the stock is owned by company 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.

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