Harbour Investments Inc. Raises Position in Alphabet Inc. (NASDAQ:GOOGL)

Harbour Investments Inc. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,529 shares of the information services provider's stock after buying an additional 11,599 shares during the quarter. Harbour Investments Inc.'s holdings in Alphabet were worth $12,405,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Bennett Selby Investments LP increased its holdings in Alphabet by 4.0% in the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock valued at $256,000 after buying an additional 52 shares during the last quarter. Macroview Investment Management LLC boosted its position in shares of Alphabet by 4.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after acquiring an additional 52 shares in the last quarter. Conrad Siegel Investment Advisors Inc. increased its holdings in shares of Alphabet by 0.5% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock valued at $1,864,000 after acquiring an additional 53 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of Alphabet by 2.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after acquiring an additional 53 shares in the last quarter. Finally, Addison Advisors LLC lifted its stake in Alphabet by 0.7% during the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

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Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 1,368 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the sale, the insider now directly owns 49,037 shares of the company's stock, valued at approximately $8,181,333.08. This trade represents a 19.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,103 shares of company stock valued at $16,115,139. Corporate insiders own 11.55% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on GOOGL. JPMorgan Chase & Co. dropped their price target on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Roth Mkm reaffirmed a "buy" rating and issued a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Stifel Nicolaus upped their price objective on shares of Alphabet from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, KeyCorp dropped their price objective on Alphabet from $220.00 to $202.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.49.

Alphabet Price Performance

Shares of GOOGL traded up $0.31 during trading hours on Monday, reaching $154.64. The company had a trading volume of 54,553,702 shares, compared to its average volume of 27,385,685. 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 $147.22 and a 12-month high of $207.05. The firm has a 50 day simple moving average of $178.83 and a 200-day simple moving average of $177.10. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results 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%. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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

Alphabet 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.