Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Evergreen Capital Management LLC

Evergreen Capital Management LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 32.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 204,812 shares of the information services provider’s stock after buying an additional 50,374 shares during the quarter. Alphabet accounts for about 1.3% of Evergreen Capital Management LLC’s holdings, making the stock its 9th biggest holding. Evergreen Capital Management LLC’s holdings in Alphabet were worth $38,771,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Alphabet by 3.1% during the third quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock worth $1,871,384,000 after acquiring an additional 337,031 shares during the period. Passumpsic Savings Bank grew its stake in Alphabet by 38.0% during the 3rd 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 last quarter. SOA Wealth Advisors LLC. increased its position in Alphabet by 0.5% in the third quarter. SOA Wealth Advisors LLC. now owns 37,379 shares of the information services provider’s stock worth $6,199,000 after buying an additional 202 shares during the period. SkyView Investment Advisors LLC boosted its holdings in shares of Alphabet by 6.0% during the third 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 grew its position in shares of Alphabet by 19.2% during the third 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 institutional investors.

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent analyst reports. Rosenblatt Securities restated a “neutral” rating and issued a $205.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Mizuho cut their target price on Alphabet from $230.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Cantor Fitzgerald decreased their price target on Alphabet from $200.00 to $159.00 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley cut their price objective on shares of Alphabet from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Roth Mkm restated a “buy” rating and set a $220.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $200.74.

Alphabet Stock Performance

Shares of GOOGL stock opened at $151.08 on Friday. The firm has a market cap of $1.84 trillion, a P/E ratio of 18.77, a PEG ratio of 1.34 and a beta of 1.03. The stock’s 50-day moving average is $165.14 and its two-hundred day moving average is $175.77. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. 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 (NASDAQ:GOOGL) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 is currently 9.94%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,163 shares of company stock worth $25,361,647. 11.55% of the stock is owned by corporate insiders.

Alphabet 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.