Wayfinding Financial LLC Purchases Shares of 4,225 Alphabet Inc. (NASDAQ:GOOGL)

Wayfinding Financial LLC bought a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,225 shares of the information services provider's stock, valued at approximately $799,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Absolute Capital Management LLC lifted its position in shares of Alphabet by 14.0% during the 4th quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider's stock worth $401,000 after purchasing an additional 258 shares during the last quarter. Permanent Capital Management LP bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $273,000. Landscape Capital Management L.L.C. increased its position in Alphabet by 27.9% during the third quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock worth $4,192,000 after acquiring an additional 5,516 shares during the period. Glass Wealth Management Co LLC raised its stake in Alphabet by 4.5% during the 4th quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock valued at $7,014,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Olistico Wealth LLC boosted its holdings in Alphabet by 9.1% in the 4th quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock valued at $1,700,000 after purchasing an additional 746 shares during the period. Institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on GOOGL. DA Davidson upped their price objective on shares of Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $205.00 price target on shares of Alphabet in a report on Wednesday, March 19th. UBS Group set a $190.00 price objective on Alphabet in a report on Thursday, March 27th. JMP Securities restated a "market perform" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Roth Mkm reiterated a "buy" rating and set a $220.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $209.13.

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Alphabet Trading Down 3.4 %

GOOGL traded down $5.12 during midday trading on Friday, reaching $145.60. 62,123,086 shares of the company were exchanged, compared to its average volume of 27,597,046. The stock has a market capitalization of $1.77 trillion, a P/E ratio of 18.09, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a one year low of $145.38 and a one year high of $207.05. The stock's 50-day simple moving average is $175.15 and its 200 day simple moving average is $176.81. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

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

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.55%. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O'toole sold 673 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now directly owns 15,303 shares in the company, valued at approximately $2,377,014.99. This trade represents a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,797 shares of company stock valued at $21,089,470 over the last 90 days. 11.55% of the stock is owned by company insiders.

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.