MGO One Seven LLC Purchases 10,710 Shares of Alphabet Inc. (NASDAQ:GOOGL)

MGO One Seven LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,617 shares of the information services provider’s stock after acquiring an additional 10,710 shares during the period. Alphabet makes up approximately 0.6% of MGO One Seven LLC’s holdings, making the stock its 29th biggest holding. MGO One Seven LLC’s holdings in Alphabet were worth $14,693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its position in Alphabet by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock worth $1,871,384,000 after purchasing an additional 337,031 shares during the last quarter. Passumpsic Savings Bank lifted its stake in shares of Alphabet by 38.0% during the third quarter. Passumpsic Savings Bank now owns 4,700 shares of the information services provider’s stock worth $779,000 after buying an additional 1,294 shares during the period. SOA Wealth Advisors LLC. grew its holdings in shares of Alphabet by 0.5% during the third quarter. SOA Wealth Advisors LLC. now owns 37,379 shares of the information services provider’s stock valued at $6,199,000 after buying an additional 202 shares during the last quarter. SkyView Investment Advisors LLC increased its position in shares of Alphabet by 6.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,306 shares of the information services provider’s stock valued at $382,000 after acquiring an additional 130 shares during the period. Finally, Te Ahumairangi Investment Management Ltd raised its stake in Alphabet by 19.2% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 137,669 shares of the information services provider’s stock worth $22,703,000 after acquiring an additional 22,169 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,163 shares of company stock valued at $25,361,647. 11.55% of the stock is currently owned by insiders.

Alphabet Trading Up 2.6 %

Shares of GOOGL opened at $151.47 on Wednesday. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The stock has a market cap of $1.85 trillion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The firm’s fifty day moving average is $163.72 and its two-hundred day moving average is $175.61. 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 (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping 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%. Research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given 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 dividend yield of 0.53%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GOOGL. KeyCorp cut their price objective on Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Roth Mkm reiterated a “buy” rating and issued a $220.00 price target on shares of Alphabet in a report on Wednesday, March 19th. UBS Group set a $190.00 price objective on shares of Alphabet in a research note on Thursday, March 27th. Wells Fargo & Company cut their price objective on shares of Alphabet from $184.00 to $167.00 and set an “equal weight” rating on the stock in a research note on Monday, March 31st. Finally, Westpark Capital upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, April 1st. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.74.

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.