United Capital Management of KS Inc. Makes New Investment in Alphabet Inc. (NASDAQ:GOOGL)

United Capital Management of KS Inc. acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 40,720 shares of the information services provider's stock, valued at approximately $7,708,000. Alphabet makes up 1.4% of United Capital Management of KS Inc.'s holdings, making the stock its 24th biggest holding.

Several other large investors have also made changes to their positions in GOOGL. Compass Planning Associates Inc purchased a new position in Alphabet in the 4th quarter valued at about $30,000. LMR Partners LLP acquired a new position in shares of Alphabet during the third quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Alphabet by 518.8% in the fourth 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. acquired a new stake in shares of Alphabet in the fourth quarter worth approximately $39,000. Finally, PayPay Securities Corp increased its position in shares of 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 purchasing an additional 65 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on GOOGL shares. DZ Bank lowered Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective on the stock. in a report on Thursday, February 6th. KeyCorp decreased their price target on shares of Alphabet from $220.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Stifel Nicolaus upped their price objective on shares of Alphabet from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Roth Mkm reissued a "buy" rating and issued a $220.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $205.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $210.59.

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Alphabet Stock Down 4.9 %

GOOGL stock traded down $7.91 during mid-day trading on Friday, reaching $154.33. The company had a trading volume of 48,610,349 shares, compared to its average volume of 27,276,841. Alphabet Inc. has a fifty-two week low of $147.22 and a fifty-two week high of $207.05. The company has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a fifty day simple moving average of $179.66 and a 200 day simple moving average of $177.10.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. Analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction that occurred on 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 directly owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares of the company's stock, valued at $1,293,285.89. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,812 shares of company stock valued at $19,336,979 over the last quarter. 11.55% of the stock is owned by insiders.

Alphabet 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.