Alphabet Inc. (NASDAQ:GOOGL) is Horizon Investment Services LLC’s 4th Largest Position

Horizon Investment Services LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 47,735 shares of the information services provider’s stock after buying an additional 750 shares during the period. Alphabet comprises 3.8% of Horizon Investment Services LLC’s portfolio, making the stock its 4th biggest holding. Horizon Investment Services LLC’s holdings in Alphabet were worth $9,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Community Bank N.A. increased its position in shares of Alphabet by 6.4% during the fourth quarter. Community Bank N.A. now owns 46,173 shares of the information services provider’s stock valued at $8,741,000 after buying an additional 2,790 shares during the period. Absolute Capital Management LLC increased its holdings in Alphabet by 14.0% during the 4th quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider’s stock worth $401,000 after acquiring an additional 258 shares during the period. Permanent Capital Management LP bought a new stake in Alphabet during the 4th quarter worth approximately $273,000. Glass Wealth Management Co LLC lifted its stake in Alphabet by 4.5% in the 4th quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider’s stock worth $7,014,000 after purchasing an additional 1,580 shares in the last quarter. Finally, Olistico Wealth LLC boosted its holdings in Alphabet by 9.1% in the 4th quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider’s stock valued at $1,700,000 after purchasing an additional 746 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Down 3.4 %

Shares of Alphabet stock opened at $145.60 on Monday. Alphabet Inc. has a 1 year low of $145.38 and a 1 year high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a 50-day moving average of $175.15 and a 200 day moving average of $176.93. The firm has a market cap of $1.77 trillion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,690 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the sale, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,797 shares of company stock worth $21,089,470. 11.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GOOGL shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Thursday, December 12th. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Needham & Company LLC reissued a “buy” rating and set a $225.00 price objective on shares of Alphabet in a report on Wednesday, February 5th. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Westpark Capital raised shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, April 1st. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $209.13.

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.