Alphabet Inc. (NASDAQ:GOOGL) Holdings Trimmed by Hyperion Capital Advisors LP

Hyperion Capital Advisors LP lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 49,992 shares of the information services provider’s stock after selling 3,672 shares during the period. Alphabet accounts for 4.9% of Hyperion Capital Advisors LP’s holdings, making the stock its 8th biggest holding. Hyperion Capital Advisors LP’s holdings in Alphabet were worth $9,463,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Compass Planning Associates Inc acquired a new stake in Alphabet in the fourth quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after buying an additional 166 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $39,000. PayPay Securities Corp boosted its stake in shares of Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. Finally, Anderson Financial Strategies LLC acquired a new position in Alphabet during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of several research analyst reports. Truist Financial decreased their target price on shares of Alphabet from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Cantor Fitzgerald dropped their target price on shares of Alphabet from $200.00 to $159.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research note on Tuesday, May 6th. Tigress Financial raised their price objective on shares of Alphabet from $220.00 to $240.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, April 30th. Finally, Piper Sandler upped their target price on shares of Alphabet from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $199.75.

Alphabet Stock Performance

Shares of GOOGL stock opened at $152.75 on Friday. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The firm’s 50-day simple moving average is $158.93 and its two-hundred day simple moving average is $175.18. The firm has a market cap of $1.85 trillion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.34 and a beta of 1.01. 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) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion for the quarter, compared to analysts’ expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same period in the previous year, the business posted $1.89 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.55%. This is an increase from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet’s dividend payout ratio is presently 9.36%.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $155.90, for a total transaction of $5,066,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,652,696 shares in the company, valued at $413,555,306.40. This represents a 1.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,824 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total transaction of $529,302.32. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at $2,815,948.32. This represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 179,324 shares of company stock valued at $30,153,353. Corporate insiders own 11.64% of the company’s stock.

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.