Generation Capital Management LLC Acquires New Position in Alphabet Inc. (NASDAQ:GOOGL)

Generation Capital Management LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,633 shares of the information services provider's stock, valued at approximately $1,824,000. Alphabet accounts for about 1.6% of Generation Capital Management LLC's investment portfolio, making the stock its 20th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new position in shares of Alphabet during the fourth quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after buying an additional 166 shares in the last quarter. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet during the fourth quarter worth approximately $39,000. PayPay Securities Corp lifted its stake in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. Finally, Denver PWM LLC boosted its position in Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after purchasing an additional 57 shares during the period. Institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

GOOGL traded up $3.30 on Thursday, reaching $158.65. 12,694,269 shares of the company's stock were exchanged, compared to its average volume of 28,289,101. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock's fifty day moving average price is $163.13 and its 200-day moving average price is $175.47. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The stock has a market cap of $1.93 trillion, a PE ratio of 19.70, a P/E/G ratio of 1.34 and a beta of 1.03.

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

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 17,690 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the transaction, the insider now directly owns 43,111 shares in the company, valued at $7,997,521.61. This represents a 29.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of the 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 completion of the transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 148,163 shares of company stock valued at $25,361,647 over the last quarter. Corporate insiders own 11.55% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GOOGL. Morgan Stanley decreased their price target on shares of Alphabet from $210.00 to $185.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Needham & Company LLC reissued a "buy" rating and set a $178.00 price target on shares of Alphabet in a report on Wednesday, April 16th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday. Piper Sandler dropped their target price on Alphabet from $208.00 to $185.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, DA Davidson decreased their price target on Alphabet from $200.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $199.64.

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.