Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Alcosta Capital Management Inc.

Alcosta Capital Management Inc. boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,730 shares of the information services provider’s stock after acquiring an additional 99 shares during the quarter. Alphabet makes up approximately 4.3% of Alcosta Capital Management Inc.’s investment portfolio, making the stock its 8th largest holding. Alcosta Capital Management Inc.’s holdings in Alphabet were worth $7,376,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Waterloo Capital L.P. increased its position in Alphabet by 14.7% in the 4th quarter. Waterloo Capital L.P. now owns 24,001 shares of the information services provider’s stock worth $4,571,000 after buying an additional 3,072 shares during the period. Titleist Asset Management LLC grew its stake in shares of Alphabet by 0.9% in the fourth quarter. Titleist Asset Management LLC now owns 25,022 shares of the information services provider’s stock worth $4,765,000 after acquiring an additional 231 shares during the last quarter. Darden Wealth Group Inc boosted its holdings in Alphabet by 1.2% in the 4th quarter. Darden Wealth Group Inc now owns 14,868 shares of the information services provider’s stock valued at $2,831,000 after purchasing an additional 175 shares during the period. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. bought a new stake in Alphabet in the 4th quarter valued at $1,359,000. Finally, MIG Capital LLC grew its position in Alphabet by 34.4% during the fourth quarter. MIG Capital LLC now owns 209,288 shares of the information services provider’s stock worth $39,857,000 after buying an additional 53,619 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Scotiabank lifted their price target on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Oppenheimer upped their price objective on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Westpark Capital initiated coverage on Alphabet in a research report on Tuesday, April 1st. They set a “buy” rating and a $210.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $208.65.

Alphabet Trading Down 3.2 %

Shares of NASDAQ GOOG opened at $147.74 on Friday. Alphabet Inc. has a 1-year low of $147.54 and a 1-year high of $208.70. The company has a 50-day moving average of $177.04 and a two-hundred day moving average of $178.43. The company has a market cap of $1.80 trillion, a PE ratio of 18.35, a P/E/G ratio of 1.34 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.54%. Alphabet’s payout ratio is presently 9.94%.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 673 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now directly owns 15,303 shares in the company, valued at $2,377,014.99. This trade represents a 4.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 17,690 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were 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 $7,997,521.61. This represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,797 shares of company stock valued at $21,089,470. 12.99% of the stock is currently owned by insiders.

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.