Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 36.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,952 shares of the information services provider’s stock after buying an additional 9,536 shares during the period. Alphabet comprises approximately 0.6% of AlphaStar Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. AlphaStar Capital Management LLC’s holdings in Alphabet were worth $5,022,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. purchased a new position in shares of Alphabet in the fourth quarter valued at approximately $38,000. Meritage Group LP lifted its holdings in Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares in the last quarter. Armor Investment Advisors LLC lifted its holdings in Alphabet by 31.0% in the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 80 shares in the last quarter. IAG Wealth Partners LLC boosted its stake in Alphabet by 55.9% during the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after purchasing an additional 123 shares during the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Alphabet during the fourth quarter worth $55,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Up 1.1 %

Shares of NASDAQ:GOOGL opened at $176.06 on Friday. Alphabet Inc. has a fifty-two week low of $115.35 and a fifty-two week high of $176.26. The firm’s 50 day moving average price is $157.22 and its 200 day moving average price is $145.16. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period last year, the business earned $1.17 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 7.61 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, June 10th.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GOOGL. Loop Capital boosted their price target on shares of Alphabet from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. Sanford C. Bernstein boosted their target price on Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Mizuho upped their price target on Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 26th. UBS Group lifted their price objective on Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Finally, Roth Mkm upped their target price on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a report on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $190.60.

Read Our Latest Stock Analysis on Alphabet

Insider Transactions at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the transaction, the chief accounting officer now directly owns 28,602 shares in the company, valued at $3,903,886.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the transaction, the senior vice president now owns 144,685 shares in the company, valued at $22,566,519.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 276,511 shares of company stock valued at $41,234,695. 0.88% of the stock is currently owned by corporate insiders.

About Alphabet

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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