97,187 Shares in Alphabet Inc. (NASDAQ:GOOGL) Acquired by DSG Capital Advisors LLC

DSG Capital Advisors LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, Holdings Channel.com reports. The fund acquired 97,187 shares of the information services provider’s stock, valued at approximately $18,398,000. Alphabet comprises about 3.3% of DSG Capital Advisors LLC’s holdings, making the stock its 6th biggest holding.

Several other institutional investors have also added to or reduced their stakes in GOOGL. JPMorgan Chase & Co. increased its holdings in shares of Alphabet by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock worth $10,559,240,000 after buying an additional 4,567,275 shares in the last quarter. Wealth Group Ltd. boosted its holdings in shares of Alphabet by 5.2% during the 4th quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider’s stock valued at $299,000 after acquiring an additional 78 shares in the last quarter. Capital & Planning LLC raised its position in Alphabet by 34.3% in the fourth quarter. Capital & Planning LLC now owns 4,383 shares of the information services provider’s stock valued at $830,000 after purchasing an additional 1,119 shares during the last quarter. ForthRight Wealth Management LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at about $226,000. Finally, Phoenix Wealth Advisors grew its holdings in shares of Alphabet by 21.7% during the fourth quarter. Phoenix Wealth Advisors now owns 3,578 shares of the information services provider’s stock worth $677,000 after purchasing an additional 639 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 11,764 shares of Alphabet stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the transaction, the insider now directly owns 49,037 shares of the company’s stock, valued at approximately $8,181,333.08. The trade was a 19.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the completion of the sale, the director now owns 261,966 shares in the company, valued at $45,844,050. This represents a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,654 shares of company stock worth $26,793,380. 11.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Westpark Capital reiterated a “buy” rating and set a $210.00 price target on shares of Alphabet in a report on Thursday, May 8th. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research report on Wednesday, May 21st. Sanford C. Bernstein lifted their price objective on Alphabet from $165.00 to $185.00 and gave the stock a “market perform” rating in a research note on Friday, April 25th. KeyCorp increased their price objective on shares of Alphabet from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Finally, Oppenheimer upped their price target on shares of Alphabet from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $199.75.

Alphabet Stock Up 2.6%

Shares of GOOGL opened at $172.90 on Wednesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.10 trillion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The stock has a fifty day simple moving average of $158.87 and a two-hundred day simple moving average of $174.75. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the firm posted $1.89 earnings per share. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.49%. Alphabet’s dividend payout ratio (DPR) is 9.36%.

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.