5,070 Shares in Alphabet Inc. (NASDAQ:GOOGL) Purchased by Illumine Investment Management LLC

Illumine Investment Management LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,070 shares of the information services provider's stock, valued at approximately $960,000.

Other large investors have also made changes to their positions in the company. Veridan Wealth LLC purchased a new stake in Alphabet during the fourth quarter worth $431,000. Fortress Financial Group LLC acquired a new position in Alphabet during the fourth quarter worth $303,000. Fielder Capital Group LLC raised its position in Alphabet by 1.5% during the fourth quarter. Fielder Capital Group LLC now owns 6,816 shares of the information services provider's stock worth $1,290,000 after acquiring an additional 100 shares during the period. Bouchey Financial Group Ltd raised its position in Alphabet by 12.2% during the fourth quarter. Bouchey Financial Group Ltd now owns 9,209 shares of the information services provider's stock worth $1,743,000 after acquiring an additional 999 shares during the period. Finally, Anchor Capital Advisors LLC raised its position in Alphabet by 1.1% during the fourth quarter. Anchor Capital Advisors LLC now owns 7,747 shares of the information services provider's stock worth $1,467,000 after acquiring an additional 85 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research analyst reports. Piper Sandler reduced their price objective on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Bank of America reiterated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research report on Monday, December 23rd. DA Davidson increased their target price on shares of Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Morgan Stanley cut their price objective on shares of Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, DZ Bank cut shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective for the company. in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $210.62.

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Insider Activity at Alphabet

In related news, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now directly owns 43,981 shares in the company, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the transaction, the insider now owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,882 shares of company stock worth $17,934,130 in the last three months. Insiders own 11.55% of the company's stock.

Alphabet Stock Performance

Shares of Alphabet stock traded up $2.73 during trading on Friday, reaching $165.49. The company's stock had a trading volume of 31,966,064 shares, compared to its average volume of 30,160,998. The company has a 50-day moving average price of $186.22 and a two-hundred day moving average price of $176.39. The firm has a market cap of $2.02 trillion, a PE ratio of 20.56, a P/E/G ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a fifty-two week low of $140.03 and a fifty-two week high of $207.05. 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 (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. On average, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet's dividend payout ratio (DPR) 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.