6,194 Shares in Alphabet Inc. (NASDAQ:GOOGL) Acquired by Armis Advisers LLC

Armis Advisers LLC bought a new position in Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,194 shares of the information services provider’s stock, valued at approximately $1,173,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. JPMorgan Chase & Co. grew its holdings in Alphabet by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock valued at $10,559,240,000 after buying an additional 4,567,275 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in Alphabet by 0.9% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 23,533 shares of the information services provider’s stock valued at $4,455,000 after buying an additional 207 shares in the last quarter. Wealth Group Ltd. grew its holdings in Alphabet by 5.2% during the 4th quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider’s stock valued at $299,000 after buying an additional 78 shares in the last quarter. Capital & Planning LLC grew its holdings in shares of Alphabet by 34.3% in the fourth quarter. Capital & Planning LLC now owns 4,383 shares of the information services provider’s stock valued at $830,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Guinness Asset Management LTD grew its holdings in shares of Alphabet by 9.9% in the fourth quarter. Guinness Asset Management LTD now owns 234,481 shares of the information services provider’s stock valued at $44,392,000 after purchasing an additional 21,158 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,374 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were 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. The trade was a 8.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,654 shares of company stock worth $26,793,380. Insiders own 11.64% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent research reports. Citigroup raised their target price on shares of Alphabet from $195.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 25th. Needham & Company LLC reissued a “buy” rating and issued a $178.00 target price on shares of Alphabet in a report on Friday, April 25th. Jefferies Financial Group cut their target price on shares of Alphabet from $235.00 to $200.00 and set a “buy” rating for the company in a report on Monday, March 31st. BMO Capital Markets reissued an “outperform” rating and issued a $200.00 target price (down from $230.00) on shares of Alphabet in a report on Thursday, April 17th. Finally, Bank of America raised their target price on shares of Alphabet from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $199.75.

Alphabet Trading Down 1.4%

NASDAQ:GOOGL opened at $168.47 on Friday. The firm has a 50-day simple moving average of $158.57 and a 200-day simple moving average of $174.87. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $2.04 trillion, a P/E ratio of 20.93, a P/E/G ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $89.30 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.50%. Alphabet’s payout ratio is presently 9.36%.

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.