Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Armbruster Capital Management Inc.

Armbruster Capital Management Inc. lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 7.1% in the fourth quarter, HoldingsChannel reports. The firm owned 2,700 shares of the information services provider’s stock after buying an additional 180 shares during the quarter. Armbruster Capital Management Inc.’s holdings in Alphabet were worth $377,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Aire Advisors LLC increased its position in Alphabet by 0.6% in the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after acquiring an additional 68 shares during the period. Defined Wealth Management LLC grew its stake in shares of Alphabet by 2.9% in the 4th quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock valued at $354,000 after purchasing an additional 71 shares during the last quarter. WealthCare Investment Partners LLC increased its holdings in shares of Alphabet by 2.1% in the fourth quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock valued at $482,000 after purchasing an additional 71 shares during the period. Peoples Financial Services CORP. raised its stake in shares of Alphabet by 0.4% during the fourth quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock worth $2,331,000 after purchasing an additional 72 shares during the last quarter. Finally, RAM Investment Partners LLC lifted its holdings in shares of Alphabet by 1.0% during the fourth quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock worth $1,055,000 after purchasing an additional 73 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GOOGL shares. Susquehanna boosted their price objective on shares of Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a research note on Monday. Royal Bank of Canada increased their price target on shares of Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday. Barclays lifted their price objective on Alphabet from $173.00 to $200.00 and gave the company an “overweight” rating in a report on Friday. TD Cowen boosted their target price on Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus raised their price target on Alphabet from $174.00 to $196.00 and gave the company a “buy” 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $189.44.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 2,100 shares of the company’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 transaction of $369,096.00. Following the completion of the transaction, the director now owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the transaction, the director now 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 253,209 shares of company stock valued at $36,711,144. Insiders own 0.88% of the company’s stock.

Alphabet Stock Down 3.4 %

GOOGL stock opened at $166.15 on Tuesday. The company has a 50 day moving average price of $148.36 and a two-hundred day moving average price of $141.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.15. The stock has a market capitalization of $2.07 trillion, a P/E ratio of 25.48, a PEG ratio of 1.57 and a beta of 1.05. Alphabet Inc. has a one year low of $103.71 and a one year high of $174.71.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 6.82 EPS for the current year.

Alphabet Dividend Announcement

The business 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 of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%.

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.