Signaturefd LLC Boosts Position in Alphabet Inc. (NASDAQ:GOOGL)

Signaturefd LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,766 shares of the information services provider’s stock after acquiring an additional 1,986 shares during the period. Alphabet accounts for 0.8% of Signaturefd LLC’s holdings, making the stock its 22nd biggest holding. Signaturefd LLC’s holdings in Alphabet were worth $41,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

GOOGL has been the topic of several recent research reports. Wells Fargo & Company increased their target price on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. KeyCorp dropped their price objective on Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. DA Davidson boosted their target price on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Finally, Morgan Stanley reduced their price objective on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $210.59.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 29,066 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares of the company’s stock, valued at approximately $50,376,238.74. The trade was a 9.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 11,764 shares of Alphabet stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the sale, the insider now owns 49,037 shares in the company, valued at approximately $8,181,333.08. This trade represents a 19.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,812 shares of company stock worth $19,336,979 over the last three months. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

NASDAQ:GOOGL opened at $154.33 on Friday. The company has a 50 day moving average price of $179.66 and a 200-day moving average price of $176.72. Alphabet Inc. has a 1-year low of $147.22 and a 1-year high of $207.05. The firm has a market cap of $1.88 trillion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. 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 issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s payout ratio is currently 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.