Intellectus Partners LLC Purchases 2,206 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Intellectus Partners LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 9.6% during the fourth quarter, Holdings Channel reports. The fund owned 25,255 shares of the information services provider’s stock after acquiring an additional 2,206 shares during the period. Alphabet comprises approximately 1.1% of Intellectus Partners LLC’s investment portfolio, making the stock its 16th biggest position. Intellectus Partners LLC’s holdings in Alphabet were worth $4,781,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Bennett Selby Investments LP boosted its stake in Alphabet by 4.0% during the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider’s stock valued at $256,000 after buying an additional 52 shares during the last quarter. Macroview Investment Management LLC lifted its stake in shares of Alphabet by 4.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider’s stock valued at $245,000 after purchasing an additional 52 shares during the last quarter. Conrad Siegel Investment Advisors Inc. lifted its stake in shares of 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 purchasing an additional 53 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Alphabet by 2.3% in 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 last quarter. Finally, Addison Advisors LLC lifted its stake in shares of Alphabet by 0.7% in the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider’s stock valued at $1,425,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock worth $17,374,274 in the last 90 days. Corporate insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $162.80 on Friday. 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 Inc. has a twelve month low of $146.90 and a twelve month high of $207.05. The business has a 50-day moving average price of $183.13 and a 200 day moving average price of $176.37. The firm has a market cap of $1.98 trillion, a PE ratio of 20.22, a P/E/G ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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%. Sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. Alphabet’s dividend payout ratio is presently 9.94%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GOOGL. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Alphabet in a research note on Wednesday. Wells Fargo & Company raised their price objective on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. DZ Bank lowered Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective for the company. in a research note on Thursday, February 6th. JMP Securities reissued a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $205.00 price target on shares of Alphabet in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.59.

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.