Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Oak Ridge Investments LLC

Oak Ridge Investments LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,022 shares of the information services provider's stock after acquiring an additional 8,436 shares during the period. Alphabet comprises about 2.2% of Oak Ridge Investments LLC's investment portfolio, making the stock its 9th largest holding. Oak Ridge Investments LLC's holdings in Alphabet were worth $28,399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LMR Partners LLP acquired a new position in shares of Alphabet during the third quarter worth about $32,000. Denver PWM LLC raised its holdings in Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after acquiring an additional 57 shares in the last quarter. Quarry LP bought a new stake in Alphabet during the second quarter worth about $53,000. Teachers Insurance & Annuity Association of America bought a new stake in Alphabet during the third quarter worth about $66,000. Finally, Mendota Financial Group LLC raised its holdings in Alphabet by 19.0% during the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider's stock worth $67,000 after acquiring an additional 64 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of GOOGL traded up $1.11 during trading hours on Thursday, reaching $199.48. The stock had a trading volume of 4,132,065 shares, compared to its average volume of 22,319,691. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $202.29. The stock has a market capitalization of $2.44 trillion, a PE ratio of 26.47, a PEG ratio of 1.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company's 50-day moving average is $185.46 and its two-hundred day moving average is $173.55.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period last year, the company earned $1.55 EPS. Research analysts expect that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet's dividend payout ratio is currently 10.61%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GOOGL. Roth Mkm upped their target price on Alphabet from $206.00 to $212.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a report on Friday, January 10th. Truist Financial upped their target price on Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, Bank of America restated a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $208.67.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 1,367 shares of Alphabet stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares of the company's stock, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the transaction, the director now directly owns 330,466 shares of the company's stock, valued at approximately $59,741,643.48. This trade represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock valued at $24,368,654 in the last three months. Insiders own 11.55% of the company's stock.

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.