85,294 Shares in Alphabet Inc. (NASDAQ:GOOGL) Bought by Intellus Advisors LLC

Intellus Advisors LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 85,294 shares of the information services provider's stock, valued at approximately $16,146,000. Alphabet comprises approximately 2.8% of Intellus Advisors LLC's holdings, making the stock its 10th biggest position.

A number of other hedge funds also recently bought and sold shares of GOOGL. Compass Planning Associates Inc bought a new stake in shares of Alphabet during the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after buying an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet in the fourth quarter worth about $39,000. PayPay Securities Corp lifted its stake in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after buying an additional 65 shares in the last quarter. Finally, Denver PWM LLC lifted its holdings in shares of Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after purchasing an additional 57 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,690 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the sale, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares in the company, valued at approximately $4,142,195.20. This represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,797 shares of company stock valued at $21,089,470 in the last 90 days. Corporate insiders own 11.55% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GOOGL shares. DA Davidson raised their price objective on Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Bank of America restated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Monday, December 23rd. Wedbush raised their target price on shares of Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research report on Monday, January 6th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $205.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Westpark Capital upgraded Alphabet to a "strong-buy" rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $209.13.

Alphabet Stock Down 3.4 %

GOOGL traded down $5.12 on Friday, hitting $145.60. The company had a trading volume of 62,123,086 shares, compared to its average volume of 27,597,046. Alphabet Inc. has a 52-week low of $145.38 and a 52-week high of $207.05. The stock has a fifty day simple moving average of $175.15 and a 200-day simple moving average of $176.81. 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 firm has a market capitalization of $1.77 trillion, a P/E ratio of 18.09, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.55%. 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.