Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Payden & Rygel

Payden & Rygel increased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 26.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,100 shares of the information services provider's stock after buying an additional 21,800 shares during the period. Alphabet comprises about 1.7% of Payden & Rygel's holdings, making the stock its 16th largest position. Payden & Rygel's holdings in Alphabet were worth $19,895,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Compass Planning Associates Inc purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth $39,000. PayPay Securities Corp grew its position in shares of 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 purchasing an additional 65 shares during the period. Finally, Prudent Man Investment Management Inc. acquired a new position in Alphabet in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a "neutral" rating and set a $205.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Wells Fargo & Company cut their price target on shares of Alphabet from $184.00 to $167.00 and set an "equal weight" rating on the stock in a research note on Monday, March 31st. Roth Mkm reaffirmed a "buy" rating and issued a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. DZ Bank downgraded Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target for the company. in a research report on Thursday, February 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $204.72.

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Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now 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 SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $161.90, for a total value of $32,380.00. Following the transaction, the director now directly owns 7,613 shares in the company, valued at $1,232,544.70. This trade represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,497 shares of company stock valued at $20,837,150 in the last three months. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

NASDAQ GOOGL traded down $3.23 during trading hours on Tuesday, hitting $155.84. The company had a trading volume of 16,807,262 shares, compared to its average volume of 28,179,405. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The firm has a market cap of $1.90 trillion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. 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 business has a fifty day simple moving average of $167.87 and a 200-day simple moving average of $176.28.

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

Alphabet Dividend Announcement

The firm 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. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet's dividend payout ratio is presently 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.