Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Empire Financial Management Company LLC

Empire Financial Management Company LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,789 shares of the information services provider’s stock after buying an additional 603 shares during the period. Alphabet comprises 1.2% of Empire Financial Management Company LLC’s investment portfolio, making the stock its 19th largest position. Empire Financial Management Company LLC’s holdings in Alphabet were worth $3,935,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bennett Selby Investments LP grew its stake in shares of Alphabet by 4.0% during the 4th quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider’s stock worth $256,000 after acquiring an additional 52 shares in the last quarter. Macroview Investment Management LLC increased its position in Alphabet by 4.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider’s stock worth $245,000 after purchasing an additional 52 shares in the last quarter. Conrad Siegel Investment Advisors Inc. raised its holdings in Alphabet by 0.5% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider’s stock valued at $1,864,000 after buying an additional 53 shares during the last quarter. Cornerstone Planning Group LLC increased its position in Alphabet by 2.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider’s stock valued at $457,000 after purchasing an additional 53 shares during the period. Finally, Addison Advisors LLC lifted its stake in Alphabet by 0.7% in the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider’s stock valued at $1,425,000 after buying an additional 53 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity

In related news, CEO Sundar Pichai sold 32,500 shares of the business’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 in the company, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,163 shares of company stock worth $25,361,647. 11.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent analyst reports. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Truist Financial reduced their price target on shares of Alphabet from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. UBS Group set a $190.00 price target on Alphabet in a report on Thursday, March 27th. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research note on Thursday, April 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Alphabet in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $199.64.

Alphabet Price Performance

NASDAQ:GOOGL opened at $155.65 on Thursday. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The company has a market cap of $1.90 trillion, a P/E ratio of 19.33, a P/E/G ratio of 1.34 and a beta of 1.03. The firm’s fifty day moving average price is $163.13 and its two-hundred day moving average price is $175.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last announced its earnings results 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%. Equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company 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 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Alphabet 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.