Buck Wealth Strategies LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,907 shares of the information services provider's stock after purchasing an additional 15,763 shares during the quarter. Alphabet accounts for approximately 2.5% of Buck Wealth Strategies LLC's holdings, making the stock its 10th biggest position. Buck Wealth Strategies LLC's holdings in Alphabet were worth $11,908,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schear Investment Advisers LLC increased its holdings in shares of Alphabet by 17.0% in 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 purchasing an additional 4,905 shares in the last quarter. 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. abrdn plc lifted its holdings in Alphabet by 10.7% in the 3rd quarter. abrdn plc now owns 6,305,717 shares of the information services provider's stock valued at $1,037,196,000 after purchasing an additional 611,233 shares in the last quarter. Olistico Wealth LLC boosted its stake in shares of Alphabet by 9.1% during the 4th quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock worth $1,700,000 after purchasing an additional 746 shares during the last quarter. Finally, Centaurus Financial Inc. grew its holdings in shares of Alphabet by 22.9% during the third quarter. Centaurus Financial Inc. now owns 61,540 shares of the information services provider's stock worth $10,206,000 after buying an additional 11,481 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on GOOGL shares. Bank of America restated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Monday, December 23rd. Phillip Securities upgraded Alphabet to a "strong-buy" rating in a report on Friday, November 1st. Piper Sandler dropped their target price on Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Robert W. Baird reissued an "outperform" rating and issued a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. Finally, Morgan Stanley lowered their price target on Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $210.62.
Get Our Latest Analysis on Alphabet
Insider Activity at Alphabet
In related news, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now owns 23,515 shares of the company's stock, valued at $4,007,191.15. This represents a 5.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the transaction, the director now directly owns 282,832 shares in the company, valued at $52,329,576.64. This represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,919 shares of company stock valued at $18,528,318. Corporate insiders own 11.55% of the company's stock.
Alphabet Stock Up 0.8 %
NASDAQ GOOGL traded up $1.42 during trading hours on Wednesday, reaching $185.19. 15,355,850 shares of the company traded hands, compared to its average volume of 27,277,332. The stock has a market capitalization of $2.26 trillion, a PE ratio of 23.01, a PEG ratio of 1.35 and a beta of 0.99. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $207.05. The company has a 50 day moving average of $193.02 and a two-hundred day moving average of $175.42.
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 net margin of 28.60% and a return on equity of 32.49%. As a group, equities analysts expect 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 will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Alphabet's dividend payout ratio (DPR) is 9.94%.
About Alphabet
(
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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