Total Investment Management Inc. Takes $219,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

Total Investment Management Inc. acquired a new position in Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,570 shares of the information services provider’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of GOOGL. IAG Wealth Partners LLC raised its holdings in shares of Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after acquiring an additional 123 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID lifted its position in shares of Alphabet by 46.3% in the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 4,110 shares of the information services provider’s stock worth $574,000 after purchasing an additional 1,300 shares during the period. KFA Private Wealth Group LLC boosted its stake in shares of Alphabet by 18.5% during the fourth quarter. KFA Private Wealth Group LLC now owns 4,296 shares of the information services provider’s stock valued at $600,000 after purchasing an additional 671 shares in the last quarter. K.J. Harrison & Partners Inc increased its holdings in Alphabet by 18.3% during the fourth quarter. K.J. Harrison & Partners Inc now owns 69,208 shares of the information services provider’s stock valued at $9,668,000 after buying an additional 10,715 shares during the period. Finally, Blodgett Wealth Advisors LLC raised its stake in Alphabet by 0.4% in the fourth quarter. Blodgett Wealth Advisors LLC now owns 46,455 shares of the information services provider’s stock worth $6,489,000 after buying an additional 200 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the completion of the sale, the chief executive officer now owns 2,377,691 shares of the company’s stock, valued at $347,832,416.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the sale, the chief executive officer now directly owns 2,377,691 shares in the company, valued at approximately $347,832,416.39. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 2,100 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,129 shares of company stock valued at $40,382,765. 0.88% of the stock is owned by company insiders.

Alphabet Stock Up 0.4 %

GOOGL opened at $167.24 on Friday. The company has a fifty day moving average of $150.14 and a two-hundred day moving average of $142.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.15. Alphabet Inc. has a fifty-two week low of $103.97 and a fifty-two week high of $174.71. The stock has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.28 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same quarter in the prior year, the firm posted $1.17 EPS. On average, research analysts expect that Alphabet Inc. will post 7.57 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced 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 0.48%.

Analysts Set New Price Targets

Several brokerages have issued reports on GOOGL. Needham & Company LLC lifted their price target on Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a report on Friday, April 26th. Roth Mkm boosted their target price on shares of Alphabet from $164.00 to $202.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Rosenblatt Securities raised their price target on shares of Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a report on Friday, April 26th. Wedbush boosted their price objective on shares of Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, TD Cowen raised their target price on shares of Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.60.

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.