Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Prism Advisors Inc.

Prism Advisors Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 40.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,814 shares of the information services provider’s stock after purchasing an additional 808 shares during the quarter. Prism Advisors Inc.’s holdings in Alphabet were worth $393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOGL. RWQ Financial Management Services Inc. boosted its stake in Alphabet by 8.2% during the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock valued at $8,591,000 after purchasing an additional 4,664 shares during the period. Robbins Farley boosted its position in shares of Alphabet by 0.8% during the fourth quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock worth $2,096,000 after buying an additional 118 shares during the period. Ballast Advisors LLC grew its holdings in Alphabet by 9.6% in the 3rd quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock worth $2,061,000 after buying an additional 1,385 shares in the last quarter. Quantum Financial Advisors LLC increased its position in Alphabet by 8.0% in the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock valued at $998,000 after acquiring an additional 564 shares during the period. Finally, Colton Groome Financial Advisors LLC raised its stake in Alphabet by 3.8% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 2,700 shares of the information services provider’s stock valued at $377,000 after acquiring an additional 100 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

NASDAQ GOOGL opened at $166.15 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 1.57 and a beta of 1.05. The company has a 50 day simple moving average of $148.36 and a 200-day simple moving average of $141.62. Alphabet Inc. has a 52-week low of $103.71 and a 52-week high of $174.71.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. Equities research analysts predict that Alphabet Inc. will post 6.82 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GOOGL shares. Rosenblatt Securities increased their price target on Alphabet from $172.00 to $182.00 and gave the stock a “buy” rating in a research note on Friday. Canaccord Genuity Group raised their target price on shares of Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a research note 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 research note on Friday. Mizuho raised their price objective on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday. Finally, Truist Financial upped their target price on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report 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. According to 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 at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, 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 transaction of $2,985,750.00. Following the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at approximately $309,548,095.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction 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 sale, the director now directly owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The disclosure for this sale can be found here. Insiders have sold 253,209 shares of company stock worth $36,711,144 over the last 90 days. 0.88% of the stock is currently owned by corporate 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.