Taylor Hoffman Capital Management LLC Buys 580 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Taylor Hoffman Capital Management LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,664 shares of the information services provider’s stock after purchasing an additional 580 shares during the period. Alphabet comprises about 2.7% of Taylor Hoffman Capital Management LLC’s holdings, making the stock its 5th biggest holding. Taylor Hoffman Capital Management LLC’s holdings in Alphabet were worth $7,508,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Compass Planning Associates Inc purchased a new stake in shares of Alphabet in the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after buying an additional 166 shares during the period. Fiduciary Advisors Inc. purchased a new stake in Alphabet in the 4th quarter worth about $39,000. PayPay Securities Corp boosted its position in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after acquiring an additional 65 shares during the period. Finally, Anderson Financial Strategies LLC purchased a new position in Alphabet during the 4th quarter valued at about $49,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,374 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at $2,606,213.28. This trade represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction 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 owns 1,449,286 shares in the company, valued at $265,914,995.28. This represents a 1.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,744 shares of company stock valued at $20,968,366 in the last ninety days. Company insiders own 11.64% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $163.98 on Wednesday. The stock has a 50-day simple moving average of $158.23 and a 200 day simple moving average of $174.93. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The stock has a market capitalization of $1.99 trillion, a PE ratio of 20.37, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the previous year, the business posted $1.89 EPS. Research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a dividend of $0.21 per share. This is a boost from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.51%. The ex-dividend date is Monday, June 9th. Alphabet’s dividend payout ratio is presently 9.36%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GOOGL. Rosenblatt Securities reduced their price target on shares of Alphabet from $205.00 to $189.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Jefferies Financial Group dropped their price objective on shares of Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. UBS Group set a $195.00 target price on shares of Alphabet in a research report on Friday, April 25th. Bank of America boosted their price target on shares of Alphabet from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 25th. Finally, Susquehanna dropped their price target on shares of Alphabet from $225.00 to $220.00 and set a “positive” rating on the stock in a research note on Friday, April 25th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $199.75.

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.