Impact Capital Partners LLC Invests $3.50 Million in Alphabet Inc. (NASDAQ:GOOGL)

Impact Capital Partners LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,501 shares of the information services provider's stock, valued at approximately $3,502,000. Alphabet makes up about 1.2% of Impact Capital Partners LLC's investment portfolio, making the stock its 15th largest position.

Other large investors also recently made changes to their positions in the company. Schear Investment Advisers LLC lifted its holdings in Alphabet by 17.0% during the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock worth $5,598,000 after buying an additional 4,905 shares in the last quarter. Permanent Capital Management LP acquired a new position in shares of Alphabet during the fourth quarter valued at $273,000. Landscape Capital Management L.L.C. lifted its stake in shares of Alphabet by 27.9% during the third quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock valued at $4,192,000 after acquiring an additional 5,516 shares during the period. Glass Wealth Management Co LLC boosted its holdings in Alphabet by 4.5% in the fourth quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock valued at $7,014,000 after acquiring an additional 1,580 shares during the last quarter. Finally, Olistico Wealth LLC increased its position in Alphabet by 9.1% in the fourth quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock worth $1,700,000 after purchasing an additional 746 shares during the period. Institutional investors own 40.03% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GOOGL shares. Robert W. Baird reaffirmed an "outperform" rating and issued a $205.00 target price on shares of Alphabet in a research note on Tuesday, December 10th. Wolfe Research increased their price objective on shares of Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Roth Mkm reaffirmed a "buy" rating and set a $220.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Wedbush increased their price target on Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. Finally, Morgan Stanley reduced their price target on Alphabet from $215.00 to $210.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Ten investment 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 company. According to data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and an average target price of $210.59.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares of the company's stock, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the transaction, the director now directly owns 272,466 shares in the company, valued at $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,812 shares of company stock worth $19,336,979 in the last three months. Corporate insiders own 11.55% of the company's stock.

Alphabet Stock Performance

GOOGL stock traded down $7.91 during midday trading on Friday, hitting $154.33. The company's stock had a trading volume of 48,610,349 shares, compared to its average volume of 27,276,841. Alphabet Inc. has a 1 year low of $147.22 and a 1 year high of $207.05. The stock's 50-day moving average price is $179.66 and its 200 day moving average price is $176.92. The stock has a market cap of $1.88 trillion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.34 and a beta of 1.02. 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 (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results 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 net margin of 28.60% and a return on equity of 32.49%. On average, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. Alphabet's dividend payout ratio (DPR) is currently 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.