By otakuyassine3@gmail.com 
Level Four Advisory Services LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 4.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 155,035 shares of the information services provider’s stock after buying an additional 6,480 shares during the quarter. Alphabet accounts for 1.2% of Level Four Advisory Services LLC’s investment portfolio, making the stock its 10th largest holding. Level Four Advisory Services LLC’s holdings in Alphabet were worth $29,348,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of GOOGL. Bennett Selby Investments LP lifted its holdings in shares of Alphabet by 4.0% in the 4th quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider’s stock valued at $256,000 after buying an additional 52 shares during the period. Macroview Investment Management LLC grew its stake in shares of Alphabet by 4.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider’s stock worth $245,000 after purchasing an additional 52 shares during the period. Conrad Siegel Investment Advisors Inc. increased its holdings in shares of Alphabet by 0.5% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider’s stock valued at $1,864,000 after purchasing an additional 53 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Alphabet by 2.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider’s stock valued at $457,000 after purchasing an additional 53 shares during the period. Finally, Addison Advisors LLC boosted its holdings in Alphabet by 0.7% during the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider’s stock worth $1,425,000 after buying an additional 53 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.
Alphabet Stock Performance
Alphabet stock opened at $145.60 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 12 month low of $145.38 and a 12 month high of $207.05. The company has a market cap of $1.77 trillion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The stock’s 50-day moving average is $175.15 and its 200-day moving average is $176.93.
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 0.55%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.
Insider Activity
In other Alphabet news, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the sale, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 119,797 shares of company stock worth $21,089,470. 11.55% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Alphabet in a research report on Wednesday, February 5th. DA Davidson boosted their target price on Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Westpark Capital upgraded Alphabet to a “strong-buy” rating in a research report on Tuesday, April 1st. Wedbush lifted their price target on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Finally, Piper Sandler lowered their price objective on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.
Check Out Our Latest Analysis on GOOGL
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.
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