Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 171,889 shares of the information services provider's stock after acquiring an additional 4,964 shares during the quarter. Alphabet accounts for approximately 0.9% of Northwest & Ethical Investments L.P.'s holdings, making the stock its 18th biggest holding. Northwest & Ethical Investments L.P.'s holdings in Alphabet were worth $32,538,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Compass Planning Associates Inc purchased a new position in Alphabet in the 4th quarter worth approximately $30,000. LMR Partners LLP bought a new position in shares of Alphabet in the third quarter worth approximately $32,000. E Fund Management Hong Kong Co. Ltd. increased its stake 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 worth $37,000 after buying an additional 166 shares during the period. Fiduciary Advisors Inc. bought a new stake in Alphabet during the 4th quarter valued at $39,000. Finally, PayPay Securities Corp boosted its position in Alphabet by 36.1% during the 4th 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 during the period. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent analyst reports. Wedbush upped their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. Roth Mkm reaffirmed a "buy" rating and set a $220.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a report on Wednesday, February 5th. DZ Bank cut Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price on the stock. in a research note on Thursday, February 6th. Finally, Wells Fargo & Company dropped their price target on Alphabet from $184.00 to $167.00 and set an "equal weight" rating for the company in a research note on Monday. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $209.49.

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Insider Buying and Selling

In related news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares in the company, valued at $4,142,195.20. The trade was a 6.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,368 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $3,961,445.55. This trade represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 88,665 shares of company stock valued at $16,198,310 over the last 90 days. Corporate insiders own 11.55% of the company's stock.

Alphabet Trading Up 1.6 %

GOOGL traded up $2.43 during trading hours on Tuesday, reaching $157.07. 30,638,515 shares of the company's stock traded hands, compared to its average volume of 27,380,987. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $178.83 and a 200 day moving average price of $177.10. Alphabet Inc. has a 52-week low of $147.22 and a 52-week high of $207.05. The firm has a market capitalization of $1.91 trillion, a PE ratio of 19.51, a PEG ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted 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%. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, March 10th. 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.