Haven Capital Group Inc. Makes New $4.75 Million Investment in Alphabet Inc. (NASDAQ:GOOGL)

Haven Capital Group Inc. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,093 shares of the information services provider's stock, valued at approximately $4,750,000. Alphabet makes up about 4.5% of Haven Capital Group Inc.'s portfolio, making the stock its 7th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new position in shares of Alphabet during the 4th quarter worth approximately $30,000. LMR Partners LLP bought a new position in Alphabet during the third quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Alphabet by 518.8% in the fourth 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 during the last quarter. Fiduciary Advisors Inc. bought a new position in shares of Alphabet in the fourth quarter valued at about $39,000. Finally, PayPay Securities Corp lifted its stake in shares of 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 buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the sale, the director now directly owns 21,824 shares in the company, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,368 shares of Alphabet stock in a transaction on Thursday, January 2nd. The shares were 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 of the company's stock, valued at approximately $3,961,445.55. This trade represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,665 shares of company stock valued at $16,198,310. 11.55% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

A number of brokerages recently commented on GOOGL. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research note on Wednesday, February 5th. DA Davidson increased their target price on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Jefferies Financial Group dropped their price target on Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a report on Monday. Rosenblatt Securities reiterated a "neutral" rating and set a $205.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Robert W. Baird restated an "outperform" rating and issued a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $209.49.

Alphabet Trading Down 0.0 %

Shares of GOOGL stock traded down $0.03 on Wednesday, hitting $157.04. The company had a trading volume of 24,682,619 shares, compared to its average volume of 27,382,781. Alphabet Inc. has a twelve month low of $147.22 and a twelve month high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $1.91 trillion, a P/E ratio of 19.51, a P/E/G ratio of 1.34 and a beta of 1.03. The stock's 50-day moving average is $177.19 and its two-hundred day moving average is $176.95.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. On average, equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.51%. Alphabet's payout ratio is 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.