Full Sail Capital LLC Purchases 257 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Full Sail Capital LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,597 shares of the information services provider’s stock after purchasing an additional 257 shares during the period. Full Sail Capital LLC’s holdings in Alphabet were worth $2,195,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Fullerton Fund Management Co Ltd. raised its holdings in Alphabet by 14.0% during the 4th quarter. Fullerton Fund Management Co Ltd. now owns 128,317 shares of the information services provider’s stock worth $24,290,000 after buying an additional 15,773 shares during the period. Elefante Mark B acquired a new stake in shares of Alphabet during the fourth quarter worth $5,491,000. Ethic Inc. lifted its position in Alphabet by 14.8% in the 4th quarter. Ethic Inc. now owns 592,326 shares of the information services provider’s stock valued at $112,127,000 after acquiring an additional 76,452 shares in the last quarter. Eschler Asset Management LLP boosted its stake in Alphabet by 8.6% in the 4th quarter. Eschler Asset Management LLP now owns 19,159 shares of the information services provider’s stock worth $3,646,000 after purchasing an additional 1,519 shares during the period. Finally, Fiduciary Trust Co increased its holdings in Alphabet by 1.1% during the 4th quarter. Fiduciary Trust Co now owns 751,833 shares of the information services provider’s stock worth $142,322,000 after purchasing an additional 8,387 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several recent research reports. Tigress Financial upped their price objective on Alphabet from $220.00 to $240.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, April 30th. Roth Mkm reaffirmed a “buy” rating and set a $220.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. DZ Bank downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective on the stock. in a report on Thursday, February 6th. BMO Capital Markets restated an “outperform” rating and set a $200.00 target price (down previously from $230.00) on shares of Alphabet in a report on Thursday, April 17th. Finally, UBS Group set a $195.00 price target on shares of Alphabet in a research report on Friday, April 25th. Ten equities 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.75.

Alphabet Trading Down 1.0 %

GOOGL opened at $152.75 on Friday. The company has a market cap of $1.85 trillion, a P/E ratio of 18.98, a PEG ratio of 1.34 and a beta of 1.01. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $158.93 and its 200-day moving average is $175.10. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. The firm had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same quarter last year, the business posted $1.89 earnings per share. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued 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 dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s payout ratio is 9.36%.

Insider Activity

In other news, insider John Kent Walker sold 17,690 shares of the 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 completion of the sale, the insider now owns 43,111 shares of the company’s stock, valued at approximately $7,997,521.61. This represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,824 shares of Alphabet stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $187.43, for a total value of $529,302.32. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares in the company, valued at approximately $2,815,948.32. This represents a 15.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 179,324 shares of company stock valued at $30,153,353 over the last quarter. 11.64% of the stock is owned by company insiders.

Alphabet Company 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.