Natural Investments LLC Invests $6.31 Million in Alphabet Inc. (NASDAQ:GOOGL)

Natural Investments LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 33,341 shares of the information services provider's stock, valued at approximately $6,311,000. Alphabet accounts for about 1.7% of Natural Investments LLC's portfolio, making the stock its 10th largest holding.

Several other institutional investors also recently made changes to their positions in the stock. Schear Investment Advisers LLC boosted its position 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 acquiring an additional 4,905 shares during the period. Permanent Capital Management LP acquired a new stake in shares of Alphabet in the 4th quarter worth approximately $273,000. Landscape Capital Management L.L.C. raised its holdings in 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 worth $4,192,000 after purchasing an additional 5,516 shares in the last quarter. Glass Wealth Management Co LLC lifted its position 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 worth $7,014,000 after purchasing an additional 1,580 shares during the period. Finally, Olistico Wealth LLC boosted its stake in Alphabet by 9.1% during the 4th quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock valued at $1,700,000 after purchasing an additional 746 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

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Alphabet Stock Performance

GOOGL traded down $5.50 during midday trading on Wednesday, reaching $165.06. The company's stock had a trading volume of 28,889,147 shares, compared to its average volume of 25,905,073. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $181.11 and a 200 day simple moving average of $176.78. The stock has a market cap of $2.01 trillion, a P/E ratio of 20.50, a PEG ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a twelve month low of $147.22 and a twelve month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GOOGL shares. Stifel Nicolaus boosted their price target on shares of Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Bank of America reissued a "buy" rating and set a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Wedbush lifted their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 target price on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Citigroup dropped their price target on Alphabet from $232.00 to $229.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $210.59.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the transaction, the director now owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,048 shares of company stock worth $17,374,274. Company insiders own 11.55% of the company's stock.

About Alphabet

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.