Linden Thomas Advisory Services LLC Has $1.89 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Linden Thomas Advisory Services LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,552 shares of the information services provider’s stock after buying an additional 1,322 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Alphabet were worth $1,893,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Meritage Group LP boosted its holdings in shares of Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after buying an additional 276 shares during the period. Macroview Investment Management LLC lifted its position in shares of Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares in the last quarter. Armor Investment Advisors LLC lifted its position in shares of Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of Alphabet in the fourth quarter worth approximately $55,000. Finally, LFA Lugano Financial Advisors SA lifted its position in shares of Alphabet by 301.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock worth $73,000 after purchasing an additional 392 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Up 0.7 %

GOOGL opened at $163.86 on Thursday. Alphabet Inc. has a fifty-two week low of $103.71 and a fifty-two week high of $174.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10. The firm’s fifty day moving average price is $149.22 and its two-hundred day moving average price is $141.95. The company has a market capitalization of $2.04 trillion, a P/E ratio of 25.13, a P/E/G ratio of 1.29 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter in the previous year, the company earned $1.17 earnings per share. On average, analysts anticipate that Alphabet Inc. will post 7.49 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.49%.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the sale, the chief executive officer now owns 2,377,691 shares in the company, valued at approximately $347,832,416.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $149.73, for a total value of $119,784.00. Following the completion of the transaction, the director now directly owns 7,164 shares of the company’s stock, valued at $1,072,665.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the completion of the transaction, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at $347,832,416.39. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,129 shares of company stock worth $40,382,765. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GOOGL shares. Citigroup increased their price target on shares of Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Piper Sandler reissued an “overweight” rating and issued a $200.00 price target (up from $160.00) on shares of Alphabet in a research report on Friday, April 26th. Jefferies Financial Group increased their price target on shares of Alphabet from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. raised their price objective on shares of Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Roth Mkm raised their price objective on shares of Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.60.

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.