Trajan Wealth LLC Has $85.34 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Trajan Wealth LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 450,816 shares of the information services provider's stock after purchasing an additional 29,496 shares during the period. Alphabet accounts for 4.7% of Trajan Wealth LLC's holdings, making the stock its 4th biggest holding. Trajan Wealth LLC's holdings in Alphabet were worth $85,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new position in shares of Alphabet in the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after acquiring an additional 166 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter worth $39,000. PayPay Securities Corp grew its stake in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after acquiring an additional 65 shares in the last quarter. Finally, Prudent Man Investment Management Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at about $53,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 1.7 %

NASDAQ GOOGL traded up $2.68 during trading on Friday, hitting $161.96. 55,915,519 shares of the company's stock traded hands, compared to its average volume of 28,549,312. The stock has a fifty day moving average of $162.61 and a two-hundred day moving average of $175.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The firm has a market cap of $1.97 trillion, a P/E ratio of 20.12, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The firm had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same quarter in the prior year, the firm posted $1.89 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.52%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 148,163 shares of company stock worth $25,361,647 over the last ninety days. 11.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GOOGL has been the subject of several analyst reports. Wedbush set a $190.00 price objective on shares of Alphabet and gave the company an "outperform" rating in a research note on Tuesday, April 15th. Truist Financial dropped their price target on Alphabet from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Rosenblatt Securities reduced their price objective on Alphabet from $205.00 to $189.00 and set a "neutral" rating for the company in a research note on Friday. JPMorgan Chase & Co. lowered their target price on Alphabet from $220.00 to $180.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America increased their price target on shares of Alphabet from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.03.

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.