Dover Advisors LLC Purchases 8,231 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Dover Advisors LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 33.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,178 shares of the information services provider’s stock after buying an additional 8,231 shares during the quarter. Alphabet makes up about 2.2% of Dover Advisors LLC’s holdings, making the stock its 6th biggest position. Dover Advisors LLC’s holdings in Alphabet were worth $5,131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOGL. Compass Planning Associates Inc acquired a new position in Alphabet in the 4th quarter valued at $30,000. PayPay Securities Corp boosted its holdings in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 65 shares during the period. Anderson Financial Strategies LLC bought a new stake in Alphabet in the 4th quarter valued at $49,000. Navigoe LLC bought a new stake in Alphabet in the 4th quarter valued at $51,000. Finally, Prudent Man Investment Management Inc. bought a new stake in Alphabet in the 4th quarter valued at $53,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 11,764 shares of Alphabet stock in a transaction that occurred on 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 $8,181,333.08. The trade was a 19.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 673 shares of Alphabet stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the sale, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 195,570 shares of company stock worth $32,003,532 in the last quarter. 11.64% of the stock is owned by company insiders.

Alphabet Trading Down 0.6%

GOOGL opened at $174.67 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.12 trillion, a PE ratio of 21.70, a PEG ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The firm has a 50-day moving average price of $162.89 and a two-hundred day moving average price of $174.68.

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

Alphabet Increases Dividend

The firm also recently declared 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. This is a boost from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. Alphabet’s payout ratio is currently 9.36%.

Analyst Ratings Changes

GOOGL has been the subject of a number of research reports. DA Davidson reduced their price target on shares of Alphabet from $200.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Piper Sandler increased their price target on shares of Alphabet from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, April 25th. KeyCorp increased their price target on shares of Alphabet from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Susquehanna reduced their price target on shares of Alphabet from $225.00 to $220.00 and set a “positive” rating for the company in a report on Friday, April 25th. Finally, Tigress Financial increased their price target on shares of Alphabet from $220.00 to $240.00 and gave the company a “strong-buy” rating in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.75.

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.