24,275 Shares in Alphabet Inc. (NASDAQ:GOOGL) Bought by Andrew Hill Investment Advisors Inc.

Andrew Hill Investment Advisors Inc. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 24,275 shares of the information services provider’s stock, valued at approximately $3,391,000. Alphabet accounts for 3.5% of Andrew Hill Investment Advisors Inc.’s holdings, making the stock its 11th biggest holding.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC boosted its stake in Alphabet by 5.6% during the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after purchasing an additional 12,070,681 shares during the period. Northern Trust Corp boosted its stake in Alphabet by 3.7% during the 3rd quarter. Northern Trust Corp now owns 67,684,197 shares of the information services provider’s stock worth $8,857,154,000 after purchasing an additional 2,416,328 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Alphabet by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 34,035,275 shares of the information services provider’s stock worth $4,453,856,000 after purchasing an additional 335,219 shares during the period. American Century Companies Inc. boosted its stake in Alphabet by 7.8% during the 3rd quarter. American Century Companies Inc. now owns 25,064,614 shares of the information services provider’s stock worth $3,279,955,000 after purchasing an additional 1,809,910 shares during the period. Finally, Jennison Associates LLC boosted its stake in Alphabet by 9.3% during the 3rd quarter. Jennison Associates LLC now owns 24,145,417 shares of the information services provider’s stock worth $3,159,669,000 after purchasing an additional 2,058,221 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Sanford C. Bernstein raised their target price on shares of Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday. Barclays raised their target price on shares of Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday. Mizuho raised their target price on shares of Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. Wedbush raised their target price on shares of Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Wells Fargo & Company raised their target price on shares of Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $187.82.

Alphabet Price Performance

Alphabet stock opened at $171.95 on Friday. Alphabet Inc. has a 12-month low of $103.54 and a 12-month high of $174.71. The stock has a market capitalization of $2.14 trillion, a P/E ratio of 26.37, a P/E/G ratio of 1.43 and a beta of 1.05. The firm’s 50-day moving average is $147.85 and its two-hundred day moving average is $141.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. The company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same period last year, the company earned $1.05 EPS. Equities analysts predict that Alphabet Inc. will post 6.79 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio is presently 12.27%.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,439 shares of company stock valued at $36,746,578. Insiders own 0.88% of the company’s stock.

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.