Alphabet Inc. (NASDAQ:GOOGL) is Shelton Capital Management's 7th Largest Position

Shelton Capital Management raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 520,721 shares of the information services provider's stock after buying an additional 4,983 shares during the period. Alphabet makes up approximately 2.5% of Shelton Capital Management's holdings, making the stock its 7th largest holding. Shelton Capital Management's holdings in Alphabet were worth $98,572,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GOOGL. Southeast Asset Advisors LLC increased its stake in shares of Alphabet by 20.5% during the 4th quarter. Southeast Asset Advisors LLC now owns 10,099 shares of the information services provider's stock worth $1,912,000 after purchasing an additional 1,719 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in Alphabet in the 4th quarter valued at about $409,000. Elgethun Capital Management lifted its holdings in Alphabet by 3.7% in the 4th quarter. Elgethun Capital Management now owns 8,097 shares of the information services provider's stock valued at $1,533,000 after purchasing an additional 286 shares in the last quarter. Winmill & CO. Inc. boosted its stake in shares of Alphabet by 17.0% during the 4th quarter. Winmill & CO. Inc. now owns 108,100 shares of the information services provider's stock worth $20,463,000 after purchasing an additional 15,700 shares during the last quarter. Finally, Rathbones Group PLC raised its position in shares of Alphabet by 3.3% in the fourth quarter. Rathbones Group PLC now owns 4,495,149 shares of the information services provider's stock valued at $850,932,000 after buying an additional 145,469 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, insider John Kent Walker sold 17,690 shares of the business's stock in a transaction on 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 owns 43,111 shares in the company, valued at $7,997,521.61. The trade was a 29.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 115,663 shares of company stock valued at $20,286,447 over the last 90 days. 11.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Westpark Capital upgraded Alphabet to a "strong-buy" rating in a report on Tuesday, April 1st. Wells Fargo & Company lowered their price target on Alphabet from $184.00 to $167.00 and set an "equal weight" rating for the company in a report on Monday, March 31st. DZ Bank cut shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price on the stock. in a research report on Thursday, February 6th. 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, UBS Group set a $190.00 price objective on shares of Alphabet in a research note on Thursday, March 27th. Ten 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $202.46.

Alphabet Trading Down 1.9 %

Shares of NASDAQ:GOOGL traded down $3.04 during trading on Wednesday, hitting $153.27. 20,614,040 shares of the company's stock were exchanged, compared to its average volume of 28,220,770. The firm has a 50-day moving average price of $167.17 and a two-hundred day moving average price of $176.14. 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 $140.53 and a 1-year high of $207.05. The firm has a market cap of $1.87 trillion, a P/E ratio of 19.04, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced 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 return on equity of 32.49% and a net margin of 28.60%. Equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.52%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

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.