Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,878 shares of the information services provider's stock after purchasing an additional 3,153 shares during the quarter. Alphabet makes up about 0.7% of Relyea Zuckerberg Hanson LLC's holdings, making the stock its 29th biggest position. Relyea Zuckerberg Hanson LLC's holdings in Alphabet were worth $5,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. LMR Partners LLP purchased a new position in Alphabet during the 3rd quarter worth approximately $32,000. Denver PWM LLC boosted its holdings in shares of Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after acquiring an additional 57 shares during the period. Quarry LP purchased a new position in shares of Alphabet during the second quarter worth approximately $53,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Alphabet in the 3rd quarter valued at $66,000. Finally, Mendota Financial Group LLC raised its position in Alphabet by 19.0% in the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider's stock valued at $67,000 after purchasing an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GOOGL. Piper Sandler reiterated an "overweight" rating and issued a $210.00 target price (up from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Roth Mkm upped their price objective on shares of Alphabet from $206.00 to $212.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Robert W. Baird reaffirmed an "outperform" rating and issued a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Finally, Loop Capital increased their price target on shares of Alphabet from $170.00 to $185.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $208.15.

Alphabet Stock Up 1.6 %

Shares of Alphabet stock traded up $3.09 on Monday, hitting $196.00. 27,621,897 shares of the company's stock traded hands, compared to its average volume of 23,105,888. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.40 trillion, a P/E ratio of 25.99, a PEG ratio of 1.22 and a beta of 0.98. The firm's 50-day moving average is $184.43 and its 200 day moving average is $173.25.

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

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. Alphabet's payout ratio is currently 10.61%.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the sale, the director now directly owns 330,466 shares in the company, valued at $59,741,643.48. This trade represents a 3.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares in the company, valued at $3,468,029.04. The trade was a 13.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 133,387 shares of company stock valued at $24,368,654. Company insiders own 11.55% of the company's stock.

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.