Opinicus Capital Inc. Purchases Shares of 6,944 Alphabet Inc. (NASDAQ:GOOGL)

Opinicus Capital Inc. acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 6,944 shares of the information services provider’s stock, valued at approximately $970,000.

Other large investors also recently modified their holdings of the company. Unique Wealth Strategies LLC bought a new stake in Alphabet in the fourth quarter worth $4,368,000. McCarthy Asset Management Inc. lifted its stake in shares of Alphabet by 16.5% in the 4th quarter. McCarthy Asset Management Inc. now owns 15,945 shares of the information services provider’s stock valued at $2,227,000 after acquiring an additional 2,263 shares during the last quarter. Consolidated Planning Corp boosted its holdings in Alphabet by 2.2% during the 4th quarter. Consolidated Planning Corp now owns 24,507 shares of the information services provider’s stock valued at $3,423,000 after acquiring an additional 526 shares during the period. Alliance Wealth Advisors LLC UT grew its position in Alphabet by 2.6% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 8,182 shares of the information services provider’s stock worth $1,143,000 after acquiring an additional 205 shares during the last quarter. Finally, Aubrey Capital Management Ltd purchased a new position in Alphabet in the 4th quarter worth approximately $2,333,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Needham & Company LLC increased their price objective on Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, April 26th. 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 report on Monday, April 29th. Oppenheimer upped their price objective on shares of Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. UBS Group raised their target price on Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, Rosenblatt Securities upped their price target on Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.60.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 2,100 shares of the business’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 directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John L. Hennessy sold 2,100 shares of the firm’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 value of $369,096.00. Following the sale, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 2,377,691 shares of the company’s stock, valued at $347,832,416.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 275,129 shares of company stock worth $40,382,765. Company insiders own 0.88% of the company’s stock.

Alphabet Trading Up 0.4 %

NASDAQ:GOOGL opened at $167.24 on Monday. Alphabet Inc. has a 52 week low of $103.97 and a 52 week high of $174.71. The stock has a market cap of $2.08 trillion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.28 and a beta of 1.02. The company’s 50 day moving average price is $150.14 and its 200-day moving average price is $142.36. The company has a quick ratio of 2.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping 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 analyst estimates of $66.04 billion. During the same quarter last year, the company earned $1.17 EPS. On average, equities research analysts forecast that Alphabet Inc. will post 7.57 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

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.