Kendall Capital Management Buys 1,995 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Kendall Capital Management grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 12.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,595 shares of the information services provider’s stock after purchasing an additional 1,995 shares during the quarter. Alphabet comprises about 1.0% of Kendall Capital Management’s holdings, making the stock its 25th biggest holding. Kendall Capital Management’s holdings in Alphabet were worth $3,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Compass Planning Associates Inc purchased a new stake in Alphabet in the fourth quarter worth $30,000. LMR Partners LLP bought a new stake in shares of Alphabet during the 3rd quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after buying an additional 166 shares during the period. Fiduciary Advisors Inc. bought a new position in shares of Alphabet in the 4th quarter worth about $39,000. Finally, PayPay Securities Corp lifted its position in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 65 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,368 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $3,961,445.55. This trade represents a 6.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 200 shares of the company’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 directly owns 7,813 shares in the company, valued at $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. In the last ninety days, insiders have sold 93,048 shares of company stock worth $17,374,274. Insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of a number of analyst reports. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley lowered their price objective on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Alphabet in a research note on Wednesday. KeyCorp lowered their price target on Alphabet from $220.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Wolfe Research increased their price objective on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $210.59.

Alphabet Stock Performance

NASDAQ GOOGL opened at $163.99 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 $147.22 and a twelve month high of $207.05. The business has a 50-day moving average price of $182.57 and a 200-day moving average price of $176.38. The firm has a market cap of $2.00 trillion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. As a group, equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

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.