RoundAngle Advisors LLC Invests $1.95 Million in Alphabet Inc. (NASDAQ:GOOGL)

RoundAngle Advisors LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,317 shares of the information services provider's stock, valued at approximately $1,953,000. Alphabet accounts for 1.9% of RoundAngle Advisors LLC's holdings, making the stock its 20th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Annex Advisory Services LLC raised its holdings in shares of Alphabet by 3.3% during the fourth quarter. Annex Advisory Services LLC now owns 40,306 shares of the information services provider's stock valued at $7,630,000 after purchasing an additional 1,272 shares during the period. Mandatum Life Insurance Co Ltd lifted its position in Alphabet by 1.5% in the 4th quarter. Mandatum Life Insurance Co Ltd now owns 49,009 shares of the information services provider's stock valued at $9,277,000 after acquiring an additional 702 shares in the last quarter. Client 1ST Advisory Group LLC bought a new position in Alphabet in the 4th quarter valued at about $341,000. Grove Bank & Trust lifted its position in Alphabet by 3.2% in the 4th quarter. Grove Bank & Trust now owns 31,306 shares of the information services provider's stock valued at $5,926,000 after acquiring an additional 974 shares in the last quarter. Finally, Brady Martz Wealth Solutions LLC bought a new position in Alphabet in the 4th quarter valued at about $1,567,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Robert W. Baird reaffirmed an "outperform" rating and issued a $205.00 price target on shares of Alphabet in a research report on Tuesday, December 10th. Wedbush increased their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. 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. Loop Capital increased their price objective on shares of Alphabet from $170.00 to $185.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price objective on shares of Alphabet from $204.00 to $210.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $208.67.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the sale, the chief executive officer now owns 2,084,306 shares of the company's stock, valued at $369,672,512.16. The trade was a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 16,820 shares of the business's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares in the company, valued at $8,471,620.22. The trade was a 27.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,387 shares of company stock worth $24,368,654. 11.55% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL traded up $1.11 during mid-day trading on Thursday, reaching $199.48. 4,132,065 shares of the company were exchanged, compared to its average volume of 22,319,691. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $202.29. 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 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's 50 day moving average price is $185.46 and its 200 day moving average price is $173.55.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The company 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 earned $1.55 EPS. Sell-side analysts forecast that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet's payout ratio is 10.61%.

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.