Turim 21 Investimentos Ltda. Boosts Holdings in Alphabet Inc. (NASDAQ:GOOG)

Turim 21 Investimentos Ltda. increased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 68.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,248 shares of the information services provider’s stock after buying an additional 49,997 shares during the period. Alphabet accounts for 6.6% of Turim 21 Investimentos Ltda.’s investment portfolio, making the stock its 6th biggest position. Turim 21 Investimentos Ltda.’s holdings in Alphabet were worth $25,340,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at $27,000. LSV Asset Management purchased a new position in Alphabet during the 4th quarter valued at about $27,000. WealthTrak Capital Management LLC bought a new stake in shares of Alphabet during the fourth quarter valued at about $38,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Alphabet in the fourth quarter worth about $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet in the fourth quarter valued at approximately $43,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total value of $5,075,200.00. Following the completion of the transaction, the chief executive officer now owns 2,685,196 shares of the company’s stock, valued at approximately $419,320,207.36. This represents a 1.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 148,163 shares of company stock valued at $25,361,647. 12.99% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GOOG shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Oppenheimer increased their price objective on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. KeyCorp decreased their target price on Alphabet from $202.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Scotiabank cut their price objective on Alphabet from $232.00 to $200.00 and set a “sector outperform” rating for the company in a report on Monday. Finally, Wedbush reiterated an “outperform” rating and set a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $208.38.

Alphabet Price Performance

GOOG stock opened at $149.86 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $166.45 and its two-hundred day moving average price is $177.49. The stock has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. As a group, equities analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

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.