Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Founders Capital Management LLC

Founders Capital Management LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,524 shares of the information services provider’s stock after purchasing an additional 2,999 shares during the period. Alphabet comprises approximately 2.8% of Founders Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Founders Capital Management LLC’s holdings in Alphabet were worth $15,021,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Alphabet by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 493,810,251 shares of the information services provider’s stock valued at $68,980,354,000 after purchasing an additional 6,374,756 shares during the period. FMR LLC increased its holdings in Alphabet by 5.6% in the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock valued at $29,746,764,000 after buying an additional 12,070,681 shares in the last quarter. Norges Bank purchased a new position in Alphabet in the fourth quarter valued at $15,441,917,000. Northern Trust Corp increased its holdings in Alphabet by 3.7% in the third quarter. Northern Trust Corp now owns 67,684,197 shares of the information services provider’s stock valued at $8,857,154,000 after buying an additional 2,416,328 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Alphabet by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 45,220,857 shares of the information services provider’s stock valued at $6,316,902,000 after buying an additional 1,472,043 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Insiders sold a total of 253,289 shares of company stock worth $36,724,534 in the last 90 days. Company insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the subject of a number of recent analyst reports. Wolfe Research lifted their price objective on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday. Raymond James boosted their target price on shares of Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday. Needham & Company LLC boosted their target price on shares of Alphabet from $160.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley boosted their target price on shares of Alphabet from $165.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Robert W. Baird boosted their target price on shares of Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $189.74.

Alphabet Stock Down 2.0 %

Shares of NASDAQ GOOGL traded down $3.37 during mid-day trading on Tuesday, reaching $162.78. The company had a trading volume of 33,503,634 shares, compared to its average volume of 30,866,035. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm has a 50 day simple moving average of $148.80 and a two-hundred day simple moving average of $141.79. The stock has a market cap of $2.02 trillion, a P/E ratio of 24.97, a PEG ratio of 1.57 and a beta of 1.05. Alphabet Inc. has a 52-week low of $103.71 and a 52-week high of $174.71.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period last year, the firm posted $1.17 EPS. Sell-side analysts predict that Alphabet Inc. will post 6.82 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. 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.