Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Aldebaran Financial Inc.

Aldebaran Financial Inc. grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 40.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,108 shares of the information services provider’s stock after purchasing an additional 608 shares during the period. Aldebaran Financial Inc.’s holdings in Alphabet were worth $403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Alphabet by 3.1% in 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 last quarter. Passumpsic Savings Bank lifted its holdings in shares of Alphabet by 38.0% during the 3rd quarter. Passumpsic Savings Bank now owns 4,700 shares of the information services provider’s stock valued at $779,000 after acquiring an additional 1,294 shares in the last quarter. SOA Wealth Advisors LLC. boosted its position in Alphabet by 0.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 37,379 shares of the information services provider’s stock worth $6,199,000 after purchasing an additional 202 shares during the period. SkyView Investment Advisors LLC raised its position in Alphabet by 6.0% in the third quarter. SkyView Investment Advisors LLC now owns 2,306 shares of the information services provider’s stock valued at $382,000 after purchasing an additional 130 shares during the period. Finally, Te Ahumairangi Investment Management Ltd boosted its position in shares of Alphabet by 19.2% in 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 buying an additional 22,169 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 17,690 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the sale, the insider now owns 43,111 shares of the company’s stock, valued at $7,997,521.61. The trade was a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 148,163 shares of company stock worth $25,361,647. 11.55% of the stock is owned by company insiders.

Analyst Ratings Changes

GOOGL has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 13th. UBS Group set a $190.00 price target on shares of Alphabet in a research note on Thursday, March 27th. Mizuho lowered their target price on Alphabet from $230.00 to $205.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Piper Sandler dropped their target price on Alphabet from $208.00 to $185.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Finally, JMP Securities reissued a “market perform” rating on shares of Alphabet in a report on Thursday, April 10th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.74.

Alphabet Trading Up 2.6 %

NASDAQ:GOOGL opened at $151.47 on Wednesday. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. The business has a fifty day moving average of $163.72 and a 200-day moving average of $175.61. 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 stock has a market cap of $1.85 trillion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

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.