Relyea Zuckerberg Hanson LLC Acquires 3,153 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Relyea Zuckerberg Hanson LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 12.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,878 shares of the information services provider’s stock after buying an additional 3,153 shares during the period. Alphabet comprises approximately 0.7% of Relyea Zuckerberg Hanson LLC’s investment portfolio, making the stock its 29th biggest holding. Relyea Zuckerberg Hanson LLC’s holdings in Alphabet were worth $5,277,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CNB Bank grew its holdings in Alphabet by 13.4% in the fourth quarter. CNB Bank now owns 21,095 shares of the information services provider’s stock worth $3,993,000 after purchasing an additional 2,496 shares during the last quarter. Saxon Interests Inc. increased its stake in Alphabet by 28.9% during the 4th quarter. Saxon Interests Inc. now owns 2,982 shares of the information services provider’s stock valued at $565,000 after purchasing an additional 668 shares in the last quarter. Avanza Fonder AB purchased a new position in shares of Alphabet in the fourth quarter worth $70,378,000. Wealthcare Capital Management LLC lifted its stake in shares of Alphabet by 12.7% during the fourth quarter. Wealthcare Capital Management LLC now owns 2,769 shares of the information services provider’s stock worth $524,000 after buying an additional 313 shares during the period. Finally, Everpar Advisors LLC grew its holdings in shares of Alphabet by 12.1% during the fourth quarter. Everpar Advisors LLC now owns 9,870 shares of the information services provider’s stock valued at $1,868,000 after buying an additional 1,064 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $196.00 on Monday. The firm has a 50-day simple moving average of $184.43 and a two-hundred day simple moving average of $173.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $201.42. The stock has a market cap of $2.40 trillion, a PE ratio of 25.99, a P/E/G ratio of 1.22 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period last year, the business posted $1.55 EPS. As a group, analysts forecast that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.41%. Alphabet’s dividend payout ratio is presently 10.61%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent research reports. Pivotal Research raised their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a report on Friday, January 10th. Wolfe Research lifted their target price on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Loop Capital increased their target price on shares of Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $208.15.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the sale, the director now directly owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. This represents a 3.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the transaction, the chief accounting officer now directly owns 17,847 shares in the company, valued at $3,468,029.04. This trade represents a 13.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock worth $24,368,654 over the last 90 days. Corporate insiders own 11.55% of the company’s stock.

About Alphabet

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.