Kraft Davis & Associates LLC Purchases 107 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Kraft Davis & Associates LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,843 shares of the information services provider’s stock after acquiring an additional 107 shares during the period. Kraft Davis & Associates LLC’s holdings in Alphabet were worth $1,800,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Meritage Group LP lifted its stake in shares of Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares during the period. Macroview Investment Management LLC lifted its stake in shares of Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after buying an additional 199 shares during the period. Armor Investment Advisors LLC lifted its stake in shares of Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after buying an additional 80 shares during the period. Valued Wealth Advisors LLC bought a new stake in shares of Alphabet in the fourth quarter valued at about $55,000. Finally, LFA Lugano Financial Advisors SA lifted its stake in shares of Alphabet by 301.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock valued at $73,000 after buying an additional 392 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research reports. Truist Financial increased their target price on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday. Oppenheimer raised their price target on shares of Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday. Susquehanna raised their price target on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Barclays raised their price target on shares of Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Wedbush raised their price target on shares of Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.82.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at $243,854,485.32. The disclosure for this sale can be found here. Insiders have sold a total of 253,439 shares of company stock valued at $36,746,578 over the last three months. 0.88% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 10.2 %

Shares of NASDAQ GOOGL opened at $171.95 on Friday. The company’s fifty day moving average is $147.85 and its 200-day moving average is $141.42. The stock has a market cap of $2.14 trillion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a twelve month low of $103.54 and a twelve month high of $174.71. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

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

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet’s dividend payout ratio is 12.27%.

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.