Generation Capital Management LLC Invests $1.82 Million in Alphabet Inc. (NASDAQ:GOOGL)

Generation Capital Management LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,633 shares of the information services provider’s stock, valued at approximately $1,824,000. Alphabet makes up approximately 1.6% of Generation Capital Management LLC’s portfolio, making the stock its 20th largest holding.

Other hedge funds have also bought and sold shares of the company. Harraden Circle Investments LLC acquired a new position in Alphabet in the 4th quarter valued at $276,000. Holcombe Financial Inc. acquired a new position in Alphabet in the fourth quarter valued at about $242,000. Goodman Advisory Group LLC lifted its position in Alphabet by 8.3% during the fourth quarter. Goodman Advisory Group LLC now owns 46,632 shares of the information services provider’s stock worth $8,827,000 after purchasing an additional 3,568 shares during the period. Cadence Bank grew its stake in Alphabet by 1.4% during the fourth quarter. Cadence Bank now owns 87,564 shares of the information services provider’s stock worth $16,576,000 after buying an additional 1,193 shares in the last quarter. Finally, Capital International Investors increased its holdings in Alphabet by 5.7% in the 4th quarter. Capital International Investors now owns 33,183,489 shares of the information services provider’s stock valued at $6,281,879,000 after buying an additional 1,779,031 shares during the period. 40.03% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. This represents a 1.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 673 shares of Alphabet stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at $2,377,014.99. This trade represents a 4.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 148,163 shares of company stock valued at $25,361,647 over the last ninety days. 11.55% of the stock is owned by company insiders.

Alphabet Stock Down 1.5 %

Shares of NASDAQ GOOGL opened at $151.08 on Monday. Alphabet Inc. has a 12-month low of $140.53 and a 12-month 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 market cap of $1.84 trillion, a PE ratio of 18.77, a P/E/G ratio of 1.34 and a beta of 1.03. The company’s fifty day simple moving average is $165.14 and its 200 day simple moving average is $175.91.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. KeyCorp reduced their target price on Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Bank of America reissued a “buy” rating and set a $210.00 price target on shares of Alphabet in a report on Monday, December 23rd. DA Davidson decreased their target price on Alphabet from $200.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $178.00 target price on shares of Alphabet in a report on Wednesday, April 16th. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.74.

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.