Dynamic Technology Lab Private Ltd Purchases 6,229 Shares of Alphabet Inc. (NASDAQ:GOOG)

Dynamic Technology Lab Private Ltd grew its position in Alphabet Inc. (NASDAQ:GOOG) by 291.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,366 shares of the information services provider’s stock after purchasing an additional 6,229 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Alphabet were worth $1,593,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Weiss Asset Management LP purchased a new position in shares of Alphabet in the 3rd quarter worth approximately $25,000. Fiduciary Advisors Inc. purchased a new position in Alphabet in the fourth quarter worth $27,000. Safe Harbor Fiduciary LLC purchased a new position in Alphabet in the third quarter worth $33,000. WealthTrak Capital Management LLC bought a new position in Alphabet in the 4th quarter valued at $38,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of Alphabet during the 4th quarter valued at $39,000. 27.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GOOG. Rosenblatt Securities restated a “neutral” rating on shares of Alphabet in a research report on Wednesday, March 19th. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Scotiabank lifted their price target on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Westpark Capital began coverage on Alphabet in a report on Tuesday. They set a “buy” rating and a $210.00 price objective for the company. Finally, Morgan Stanley restated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $208.65.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now directly owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,797 shares of company stock worth $21,089,470. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Alphabet stock opened at $147.74 on Friday. The business has a 50-day simple moving average of $177.04 and a 200 day simple moving average of $178.30. Alphabet Inc. has a 52 week low of $147.54 and a 52 week high of $208.70. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.34 and a beta of 1.04. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

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.