Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Trek Financial LLC

Trek Financial LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 20.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,831 shares of the information services provider's stock after acquiring an additional 2,709 shares during the quarter. Trek Financial LLC's holdings in Alphabet were worth $2,997,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Compass Planning Associates Inc bought a new position in Alphabet during the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Alphabet by 518.8% in 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 during the last quarter. Fiduciary Advisors Inc. purchased a new position in Alphabet in the fourth quarter worth about $39,000. PayPay Securities Corp increased its stake in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after acquiring an additional 65 shares during the last quarter. Finally, Denver PWM LLC raised its position in Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after purchasing an additional 57 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of GOOGL stock traded down $4.39 during mid-day trading on Wednesday, reaching $151.92. The stock had a trading volume of 16,656,176 shares, compared to its average volume of 28,183,593. 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 $1.85 trillion, a price-to-earnings ratio of 18.87, a PEG 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. The business's fifty day moving average is $167.17 and its 200-day moving average is $176.14.

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Alphabet (NASDAQ:GOOGL - Get Free Report) last issued 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%. On average, research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date 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 currently 9.94%.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $161.90, for a total value of $32,380.00. Following the completion of the sale, the director now owns 7,613 shares of the company's stock, valued at approximately $1,232,544.70. The trade was a 2.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. 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 in the last ninety days. 11.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Roth Mkm reissued a "buy" rating and set a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. JMP Securities reissued a "market perform" rating on shares of Alphabet in a research note on Thursday, April 10th. DA Davidson dropped their price target on shares of Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a research note on Monday. KeyCorp reduced their price objective on shares of Alphabet from $220.00 to $202.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Finally, Needham & Company LLC restated a "buy" rating and set a $178.00 target price on shares of Alphabet in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $202.46.

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.