Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Foster Dykema Cabot & Partners LLC

Foster Dykema Cabot & Partners LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 167,481 shares of the information services provider's stock after buying an additional 8,982 shares during the quarter. Alphabet accounts for about 2.5% of Foster Dykema Cabot & Partners LLC's investment portfolio, making the stock its 10th largest position. Foster Dykema Cabot & Partners LLC's holdings in Alphabet were worth $31,704,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Community Bank N.A. boosted its stake in Alphabet by 6.4% in the 4th quarter. Community Bank N.A. now owns 46,173 shares of the information services provider's stock worth $8,741,000 after purchasing an additional 2,790 shares during the period. Premier Fund Managers Ltd boosted its stake in Alphabet by 30.0% in the 4th quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider's stock worth $11,816,000 after purchasing an additional 14,262 shares during the period. Absolute Capital Management LLC boosted its stake in shares of Alphabet by 14.0% during the 4th quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider's stock valued at $401,000 after buying an additional 258 shares during the period. Permanent Capital Management LP acquired a new stake in shares of Alphabet during the 4th quarter valued at $273,000. Finally, Glass Wealth Management Co LLC boosted its stake in shares of 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 valued at $7,014,000 after buying an additional 1,580 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling

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 stock was sold at an average price of $202.08, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 29,066 shares of the firm's stock in a transaction that occurred 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 trade represents a 9.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock worth $25,361,647 in the last 90 days. 11.55% of the stock is owned by company insiders.

Analyst Ratings Changes

GOOGL has been the subject of a number of research reports. BMO Capital Markets reissued an "outperform" rating and set a $200.00 target price (down previously from $230.00) on shares of Alphabet in a research note on Thursday, April 17th. Wedbush set a $190.00 target price on shares of Alphabet and gave the company an "outperform" rating in a research note on Tuesday, April 15th. Westpark Capital raised shares of Alphabet to a "strong-buy" rating in a research note on Tuesday, April 1st. DZ Bank lowered shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price for the company. in a research note on Thursday, February 6th. Finally, Piper Sandler decreased their target price on shares of Alphabet from $208.00 to $185.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $199.90.

Alphabet Stock Performance

Shares of GOOGL stock traded up $3.67 during mid-day trading on Wednesday, reaching $155.14. The stock had a trading volume of 12,266,528 shares, compared to its average volume of 28,249,558. The firm's 50 day simple moving average is $163.72 and its 200 day simple moving average is $175.61. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The firm has a market cap of $1.89 trillion, a PE ratio of 19.27, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts' consensus estimates 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 forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.52%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Alphabet Company Profile

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.