Turim 21 Investimentos Ltda. Purchases 49,997 Shares of Alphabet Inc. (NASDAQ:GOOG)

Turim 21 Investimentos Ltda. boosted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 68.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,248 shares of the information services provider's stock after buying an additional 49,997 shares during the quarter. Alphabet makes up about 6.6% of Turim 21 Investimentos Ltda.'s investment portfolio, making the stock its 6th biggest holding. Turim 21 Investimentos Ltda.'s holdings in Alphabet were worth $25,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in shares of Alphabet during the fourth quarter worth $27,000. WealthTrak Capital Management LLC bought a new position in shares of Alphabet in the 4th quarter worth about $38,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Alphabet in the 4th quarter valued at about $39,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Alphabet during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Trading Up 1.5 %

Shares of GOOG traded up $2.38 during midday trading on Friday, hitting $163.85. The stock had a trading volume of 35,100,087 shares, compared to its average volume of 19,526,202. 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 firm has a market cap of $2.00 trillion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The business has a 50-day simple moving average of $164.69 and a two-hundred day simple moving average of $177.17.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.77. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is presently 9.94%.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the transaction, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,163 shares of company stock worth $25,361,647. 12.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on GOOG shares. Cantor Fitzgerald restated a "neutral" rating and issued a $171.00 target price on shares of Alphabet in a research note on Friday. Wedbush restated an "outperform" rating and set a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Oppenheimer raised their target price on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday. Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, Citigroup reaffirmed a "sell" rating on shares of Alphabet in a report on Wednesday. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $203.94.

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.