Sfmg LLC Boosts Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Sfmg LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,601 shares of the information services provider's stock after purchasing an additional 2,377 shares during the period. Sfmg LLC's holdings in Alphabet were worth $4,089,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Absolute Capital Management LLC boosted its holdings in Alphabet by 14.0% in the fourth quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider's stock valued at $401,000 after acquiring an additional 258 shares during the last quarter. Permanent Capital Management LP bought a new stake in shares of Alphabet during the fourth quarter worth approximately $273,000. Landscape Capital Management L.L.C. lifted its holdings in Alphabet by 27.9% in the third quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock valued at $4,192,000 after buying an additional 5,516 shares during the period. Glass Wealth Management Co LLC boosted its stake in Alphabet by 4.5% in the fourth quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock valued at $7,014,000 after acquiring an additional 1,580 shares during the last quarter. Finally, Olistico Wealth LLC raised its position in shares of Alphabet by 9.1% during the 4th quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock valued at $1,700,000 after acquiring an additional 746 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price objective on shares of Alphabet in a report on Wednesday, February 5th. DA Davidson increased their price target on shares of Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Piper Sandler cut their target price on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Bank of America reaffirmed a "buy" rating and set a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. Finally, Citigroup dropped their target price on shares of Alphabet from $232.00 to $229.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $209.13.

Alphabet Price Performance

Shares of GOOGL stock traded down $6.32 during trading on Thursday, hitting $150.72. The company had a trading volume of 45,980,516 shares, compared to its average volume of 27,457,403. The stock's 50-day moving average price is $177.19 and its 200 day moving average price is $176.95. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $1.84 trillion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

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 (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%. Equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.53%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Insider Transactions at Alphabet

In related news, insider Ruth Porat sold 17,690 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $189.80, for a total transaction of $284,700.00. Following the transaction, the director now owns 21,824 shares of the company's stock, valued at $4,142,195.20. This represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,297 shares of company stock worth $15,936,270. Company insiders own 11.55% of the company's stock.

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.