Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Alcosta Capital Management Inc.

Alcosta Capital Management Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,730 shares of the information services provider’s stock after acquiring an additional 99 shares during the quarter. Alphabet makes up 4.3% of Alcosta Capital Management Inc.’s portfolio, making the stock its 8th biggest position. Alcosta Capital Management Inc.’s holdings in Alphabet were worth $7,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Weiss Asset Management LP acquired a new position in shares of Alphabet in the 3rd quarter valued at approximately $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet in the fourth quarter worth $27,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet in the fourth quarter valued at $38,000. Mountain Hill Investment Partners Corp. bought a new position in Alphabet during the 4th quarter valued at $39,000. Finally, Noble Wealth Management PBC acquired a new position in Alphabet during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 673 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now directly owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. This represents a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,797 shares of company stock valued at $21,089,470 over the last ninety days. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Benchmark restated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Finally, Westpark Capital began coverage on Alphabet in a research note on Tuesday, April 1st. They set a “buy” rating and a $210.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.65.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $147.74 on Friday. Alphabet Inc. has a 12-month low of $147.54 and a 12-month high of $208.70. The company has a market cap of $1.80 trillion, a PE ratio of 18.35, a P/E/G ratio of 1.34 and a beta of 1.04. The stock has a 50 day simple moving average of $177.04 and a 200-day simple moving average of $178.43. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

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

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a 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.