Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Marco Investment Management LLC

Marco Investment Management LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 21.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,746 shares of the information services provider’s stock after acquiring an additional 11,483 shares during the period. Marco Investment Management LLC’s holdings in Alphabet were worth $9,044,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in Alphabet by 5.6% in the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after purchasing an additional 12,070,681 shares in the last quarter. International Assets Investment Management LLC grew its stake in Alphabet by 4,894.1% during the 4th quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock valued at $7,606,670,000 after acquiring an additional 5,336,359 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Alphabet during the 3rd quarter valued at about $634,465,000. Ontario Teachers Pension Plan Board purchased a new position in Alphabet during the 3rd quarter valued at about $601,545,000. Finally, Lone Pine Capital LLC purchased a new position in Alphabet during the 3rd quarter valued at about $407,367,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the transaction, the director now owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares in the company, valued at $3,903,886.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the sale, the director now owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 275,129 shares of company stock valued at $40,382,765. 0.88% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GOOGL shares. Wolfe Research lifted their price target on Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Truist Financial boosted their target price on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 26th. BMO Capital Markets lifted their price target on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Royal Bank of Canada lifted their price target on Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Oppenheimer boosted their price objective on Alphabet from $185.00 to $205.00 and gave the company an “outperform” 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 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 an average target price of $190.60.

Alphabet Trading Up 0.5 %

Shares of GOOGL opened at $168.10 on Tuesday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $105.16 and a 12-month high of $174.71. The firm has a market capitalization of $2.08 trillion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The stock’s fifty day simple moving average is $150.75 and its 200-day simple moving average is $142.58.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same quarter in the prior year, the firm posted $1.17 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 7.57 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, June 10th.

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.