191,539 Shares in Alphabet Inc. (NASDAQ:GOOGL) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 191,539 shares of the information services provider’s stock, valued at approximately $36,258,000. Alphabet comprises about 0.5% of Susquehanna Fundamental Investments LLC’s portfolio, making the stock its 21st largest holding.

Several other hedge funds have also bought and sold shares of GOOGL. 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 valued at $1,871,384,000 after purchasing an additional 337,031 shares in the last quarter. Passumpsic Savings Bank lifted its holdings in shares of Alphabet by 38.0% in 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 during the last quarter. SOA Wealth Advisors LLC. grew 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 acquiring an additional 202 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in Alphabet by 6.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,306 shares of the information services provider’s stock worth $382,000 after acquiring an additional 130 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd raised its position in 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 valued at $22,703,000 after purchasing an additional 22,169 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the 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 of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now directly owns 43,111 shares of the company’s stock, valued at $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 148,163 shares of company stock worth $25,361,647 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 1.7 %

NASDAQ:GOOGL opened at $161.96 on Friday. The stock has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 20.12, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $162.18 and a 200 day moving average of $175.43.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 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 firm had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the prior year, the business posted $1.89 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.52%. Alphabet’s payout ratio is presently 9.94%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald cut their target price on Alphabet from $200.00 to $159.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Citigroup increased their target price on shares of Alphabet from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group dropped their price target on shares of Alphabet from $235.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, March 31st. DA Davidson reduced their price objective on shares of Alphabet from $200.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, Oppenheimer boosted their target price on Alphabet from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $199.03.

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.