Postrock Partners LLC Takes Position in Alphabet Inc. (NASDAQ:GOOGL)

Postrock Partners LLC bought a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 48,158 shares of the information services provider's stock, valued at approximately $9,116,000. Alphabet makes up about 4.4% of Postrock Partners LLC's investment portfolio, making the stock its 6th largest holding.

Several other large investors have also recently bought and sold shares of GOOGL. Bennett Selby Investments LP grew its stake in Alphabet by 4.0% in the 4th quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock worth $256,000 after acquiring an additional 52 shares in the last quarter. Macroview Investment Management LLC raised its stake in shares of Alphabet by 4.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock valued at $245,000 after acquiring an additional 52 shares in the last quarter. Conrad Siegel Investment Advisors Inc. boosted its holdings in shares of Alphabet by 0.5% in the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock valued at $1,864,000 after purchasing an additional 53 shares during the period. Cornerstone Planning Group LLC grew its stake in Alphabet by 2.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after purchasing an additional 53 shares in the last quarter. Finally, Addison Advisors LLC increased its holdings in Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after purchasing an additional 53 shares during the period. 40.03% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wolfe Research upped their target price on Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. DA Davidson upped their price objective on shares of Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Rosenblatt Securities reissued a "neutral" rating and set a $205.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Piper Sandler reduced their price target on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company increased their price objective on shares of Alphabet from $187.00 to $190.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $210.59.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50 % 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, insider John Kent Walker sold 16,820 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,812 shares of company stock worth $19,336,979 over the last quarter. 11.55% of the stock is currently owned by insiders.

Alphabet Stock Performance

NASDAQ GOOGL traded down $6.56 on Friday, hitting $155.68. 18,446,578 shares of the company's stock traded hands, compared to its average volume of 27,151,340. The firm's 50-day moving average price is $180.49 and its two-hundred day moving average price is $176.68. The firm has a market capitalization of $1.90 trillion, a PE ratio of 19.34, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $147.22 and a 1-year high of $207.05.

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

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet's dividend payout ratio (DPR) is presently 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.