Rahlfs Capital LLC Makes New $3.53 Million Investment in Alphabet Inc. (NASDAQ:GOOGL)

Rahlfs Capital LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,635 shares of the information services provider's stock, valued at approximately $3,528,000. Alphabet makes up about 3.3% of Rahlfs Capital LLC's investment portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Compass Planning Associates Inc acquired a new stake in Alphabet during the 4th quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after acquiring an additional 166 shares during the period. Fiduciary Advisors Inc. purchased a new stake in shares of Alphabet in the 4th quarter valued at approximately $39,000. PayPay Securities Corp boosted its stake in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares during the period. Finally, Denver PWM LLC grew its position in Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after purchasing an additional 57 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded down $3.23 during trading on Tuesday, hitting $155.84. 16,807,262 shares of the stock were exchanged, compared to its average volume of 28,179,405. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The company's fifty day simple moving average is $167.87 and its 200-day simple moving average is $176.28.

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

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 2,834 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the sale, the chief accounting officer now owns 17,847 shares of the company's stock, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the transaction, the insider now directly owns 43,111 shares of the company's stock, valued at $7,997,521.61. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,497 shares of company stock worth $20,837,150 over the last quarter. Company insiders own 11.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. DA Davidson decreased their target price on Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a research report on Monday. Morgan Stanley lowered their target price on Alphabet from $215.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus increased 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 reaffirmed a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Finally, Roth Mkm reiterated a "buy" rating and issued a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $204.72.

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.