Enhancing Capital LLC Invests $1.16 Million in Alphabet Inc. (NASDAQ:GOOGL)

Enhancing Capital LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,100 shares of the information services provider's stock, valued at approximately $1,155,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Planning Associates Inc bought a new position in Alphabet in the fourth quarter valued at about $30,000. LMR Partners LLP acquired a new stake in shares of Alphabet in the 3rd quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at approximately $39,000. Finally, PayPay Securities Corp increased its position in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Insiders Place Their Bets

In related news, CAO Amie Thuener O'toole sold 1,340 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 200 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares of the company's stock, valued at $1,293,285.89. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,665 shares of company stock valued at $16,198,310. Corporate insiders own 11.55% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOOGL. Bank of America restated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research report on Monday, December 23rd. Wolfe Research raised their price objective on Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. DA Davidson upped their target price on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. The Goldman Sachs Group reissued a "buy" rating and set a $210.00 price target on shares of Alphabet in a research note on Thursday, December 12th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Alphabet in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $209.49.

Alphabet Stock Down 0.0 %

NASDAQ GOOGL traded down $0.03 during mid-day trading on Wednesday, hitting $157.04. The company's stock had a trading volume of 24,682,619 shares, compared to its average volume of 27,382,781. The firm has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.34 and a beta of 1.03. The company's 50 day simple moving average is $177.19 and its 200 day simple moving average is $176.95. 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 twelve month low of $147.22 and a twelve month high of $207.05.

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

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

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.