Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Blue Edge Capital LLC

Blue Edge Capital LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,494 shares of the information services provider’s stock after purchasing an additional 244 shares during the period. Alphabet accounts for about 1.3% of Blue Edge Capital LLC’s portfolio, making the stock its 23rd largest holding. Blue Edge Capital LLC’s holdings in Alphabet were worth $8,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Compass Planning Associates Inc purchased a new stake in shares of Alphabet in the 4th quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in Alphabet in the fourth quarter worth approximately $39,000. PayPay Securities Corp raised its position in 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 purchasing an additional 65 shares during the period. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $53,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $161.90, for a total value of $32,380.00. Following the transaction, the director now directly owns 7,613 shares of the company’s stock, valued at approximately $1,232,544.70. The trade was a 2.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at $3,468,029.04. This trade represents a 13.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 118,497 shares of company stock valued at $20,837,150. Insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GOOGL shares. DZ Bank lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective on the stock. in a report on Thursday, February 6th. Piper Sandler reduced their price target on shares of Alphabet from $208.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price objective on shares of Alphabet in a research report on Wednesday, February 5th. Roth Mkm reissued a “buy” rating and issued a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Morgan Stanley lowered their price target on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.49.

Alphabet Stock Up 1.2 %

Shares of NASDAQ GOOGL opened at $159.07 on Tuesday. The business has a 50-day moving average price of $167.87 and a 200 day moving average price of $176.28. The stock has a market cap of $1.94 trillion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. Alphabet’s dividend payout ratio is presently 9.94%.

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.