Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Sage Capital Advisors llc

Sage Capital Advisors llc increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,564 shares of the information services provider’s stock after buying an additional 196 shares during the quarter. Alphabet comprises about 3.2% of Sage Capital Advisors llc’s portfolio, making the stock its 5th biggest position. Sage Capital Advisors llc’s holdings in Alphabet were worth $12,222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GOOGL. Lantz Financial LLC boosted its position in shares of Alphabet by 10.8% during the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after buying an additional 452 shares during the last quarter. Spectrum Wealth Advisory Group LLC purchased a new position in Alphabet during the 2nd quarter worth $218,000. Vance Wealth Inc. grew its stake in shares of Alphabet by 4.0% in the 2nd quarter. Vance Wealth Inc. now owns 3,089 shares of the information services provider’s stock worth $563,000 after acquiring an additional 119 shares in the last quarter. Tobam raised its holdings in shares of Alphabet by 64.3% in the second quarter. Tobam now owns 24,833 shares of the information services provider’s stock valued at $4,523,000 after purchasing an additional 9,718 shares during the last quarter. Finally, Abacus Planning Group Inc. boosted its holdings in Alphabet by 4.0% during the second quarter. Abacus Planning Group Inc. now owns 8,590 shares of the information services provider’s stock worth $1,565,000 after purchasing an additional 331 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 0.0 %

Shares of Alphabet stock traded up $0.02 during trading on Friday, hitting $193.97. The company’s stock had a trading volume of 15,047,110 shares, compared to its average volume of 22,359,191. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $201.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company has a fifty day simple moving average of $182.20 and a two-hundred day simple moving average of $173.01. The company has a market capitalization of $2.37 trillion, a PE ratio of 25.73, a P/E/G ratio of 1.35 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same period in the previous year, the company posted $1.55 earnings per share. Equities research analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.41%. Alphabet’s payout ratio is 10.61%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the sale, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. The trade was a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the transaction, the director now owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. This trade represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 155,887 shares of company stock worth $27,996,356 in the last three months. 11.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Bank of America reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Robert W. Baird reissued an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a report on Tuesday, December 10th. Roth Mkm boosted their target price on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Alphabet in a report on Wednesday, October 30th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.08.

Alphabet Company 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.