Del Sette Capital Management LLC Has $2.14 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Del Sette Capital Management LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 192.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,251 shares of the information services provider’s stock after acquiring an additional 7,406 shares during the quarter. Alphabet accounts for about 1.7% of Del Sette Capital Management LLC’s holdings, making the stock its 20th biggest position. Del Sette Capital Management LLC’s holdings in Alphabet were worth $2,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Weiss Asset Management LP acquired a new position in shares of Alphabet during the third quarter valued at about $25,000. Fiduciary Advisors Inc. bought a new position in Alphabet in the 4th quarter valued at about $27,000. Safe Harbor Fiduciary LLC acquired a new position in Alphabet during the 3rd quarter valued at about $33,000. Noble Wealth Management PBC bought a new stake in Alphabet during the 4th quarter worth approximately $43,000. Finally, FPC Investment Advisory Inc. increased its holdings in Alphabet by 287.9% during the 4th quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock worth $46,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, insider John Kent Walker sold 16,820 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company’s stock, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,048 shares of company stock valued at $17,374,274. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $166.25 on Friday. Alphabet Inc. has a 1 year low of $148.20 and a 1 year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock’s fifty day moving average price is $184.37 and its two-hundred day moving average price is $178.07. The firm has a market cap of $2.03 trillion, a PE ratio of 20.65, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

Analyst Ratings Changes

Several research analysts recently issued reports on GOOG shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Benchmark reiterated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Oppenheimer raised their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet 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.