MontVue Capital Management Inc. Purchases New Shares in Alphabet Inc. (NASDAQ:GOOGL)

MontVue Capital Management Inc. acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, Holdings Channel reports. The firm acquired 1,640 shares of the information services provider’s stock, valued at approximately $229,000.

Several other large investors have also recently added to or reduced their stakes in GOOGL. Meritage Group LP boosted 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 raised its holdings in Alphabet by 165.8% in the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 199 shares in the last quarter. Armor Investment Advisors LLC lifted its position in shares of Alphabet by 31.0% during the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 80 shares during the period. Valued Wealth Advisors LLC acquired a new stake in shares of Alphabet during the 4th quarter worth $55,000. Finally, LFA Lugano Financial Advisors SA increased its position 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 worth $73,000 after purchasing an additional 392 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction on Friday, March 8th. The stock was 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 owns 1,777,106 shares in the company, valued at $243,854,485.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The disclosure for this sale can be found here. Insiders have sold 253,439 shares of company stock valued at $36,746,578 over the last ninety days. 0.88% of the stock is owned by company insiders.

Alphabet Trading Up 10.2 %

NASDAQ:GOOGL opened at $171.95 on Monday. Alphabet Inc. has a 12 month low of $103.54 and a 12 month high of $174.71. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.58 and a beta of 1.05. The firm has a fifty day simple moving average of $147.85 and a two-hundred day simple moving average of $141.42.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same period last year, the business posted $1.05 EPS. Analysts expect that Alphabet Inc. will post 6.82 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%.

Analysts Set New Price Targets

Several research firms recently weighed in on GOOGL. Oppenheimer upped their price objective on shares of Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday. Roth Mkm upped their price target on shares of Alphabet from $164.00 to $202.00 and gave the stock a “buy” rating in a report on Friday. Barclays lifted their price objective on shares of Alphabet from $173.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday. Sanford C. Bernstein raised their target price on Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a report on Friday. Finally, Wedbush boosted their price target on Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $187.82.

Alphabet 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.