Swan Global Investments LLC Makes New $395,000 Investment in Alphabet Inc. (NASDAQ:GOOGL)

Swan Global Investments LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,087 shares of the information services provider's stock, valued at approximately $395,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Optimum Investment Advisors lifted its holdings in Alphabet by 1.2% during the 4th quarter. Optimum Investment Advisors now owns 8,745 shares of the information services provider's stock worth $1,655,000 after buying an additional 100 shares during the last quarter. Guardian Partners Inc. bought a new position in Alphabet during the fourth quarter worth $11,842,000. Fortis Capital Management LLC boosted its holdings in Alphabet by 35.3% in the fourth quarter. Fortis Capital Management LLC now owns 5,333 shares of the information services provider's stock worth $1,010,000 after purchasing an additional 1,392 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Alphabet during the fourth quarter valued at $404,545,000. Finally, Umpqua Bank raised its holdings in shares of Alphabet by 7.3% during the fourth quarter. Umpqua Bank now owns 46,944 shares of the information services provider's stock worth $8,903,000 after purchasing an additional 3,190 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 2,834 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now directly owns 7,813 shares of the company's stock, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,297 shares of company stock valued at $15,936,270. Corporate insiders own 11.55% of the company's stock.

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Analyst Upgrades and Downgrades

GOOGL has been the subject of several research reports. DA Davidson lifted their price target on shares of Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, January 24th. JPMorgan Chase & Co. decreased their target price on Alphabet from $232.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Robert W. Baird reiterated an "outperform" rating and set a $205.00 price target on shares of Alphabet in a research report on Tuesday, December 10th. Piper Sandler reduced their price objective on Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 target price on shares of Alphabet in a research report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $209.13.

Alphabet Trading Down 4.0 %

Shares of GOOGL traded down $6.32 during midday trading on Thursday, hitting $150.72. The stock had a trading volume of 46,763,615 shares, compared to its average volume of 27,471,312. The business has a 50-day simple moving average of $177.19 and a two-hundred day simple moving average of $176.95. The firm has a market cap 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. 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 fifty-two week low of $147.22 and a fifty-two week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS 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%. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is 9.94%.

Alphabet Company 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.