Alphabet Inc. (NASDAQ:GOOGL) Holdings Boosted by Buckhead Capital Management LLC

Buckhead Capital Management LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,512 shares of the information services provider’s stock after purchasing an additional 1,837 shares during the quarter. Alphabet makes up about 2.4% of Buckhead Capital Management LLC’s holdings, making the stock its 5th largest position. Buckhead Capital Management LLC’s holdings in Alphabet were worth $7,480,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Drake & Associates LLC grew its holdings in shares of Alphabet by 43.1% during the third quarter. Drake & Associates LLC now owns 4,411 shares of the information services provider’s stock worth $732,000 after buying an additional 1,328 shares during the last quarter. Vista Investment Partners LLC lifted its position in Alphabet by 0.8% in the third quarter. Vista Investment Partners LLC now owns 8,213 shares of the information services provider’s stock valued at $1,362,000 after purchasing an additional 65 shares during the period. TruWealth Advisors LLC lifted its position in Alphabet by 0.6% in the third quarter. TruWealth Advisors LLC now owns 14,593 shares of the information services provider’s stock valued at $2,420,000 after purchasing an additional 81 shares during the period. NatWest Group plc lifted its position in Alphabet by 24.4% in the third quarter. NatWest Group plc now owns 93,419 shares of the information services provider’s stock valued at $15,494,000 after purchasing an additional 18,337 shares during the period. Finally, Strid Group LLC acquired a new stake in Alphabet in the third quarter valued at about $180,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $179.25 on Tuesday. The firm has a market cap of $2.19 trillion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The firm’s 50-day simple moving average is $192.12 and its 200-day simple moving average is $176.05. 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 Inc. has a 1 year low of $130.66 and a 1 year high of $207.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. Equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.

Analyst Ratings Changes

A number of equities research analysts recently commented on GOOGL shares. Robert W. Baird restated an “outperform” rating and issued a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. DZ Bank downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective for the company. in a research report on Thursday, February 6th. Roth Mkm raised their price objective on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Wedbush lifted their price target on shares of Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, DA Davidson lifted their price target 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. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $210.62.

Insider Activity at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the transaction, the director now owns 282,832 shares in the company, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of the company’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. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,299 shares of company stock valued at $25,055,751 in the last quarter. Insiders own 11.55% of the company’s stock.

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.