Brooklyn FI LLC Boosts Holdings in Alphabet Inc. (NASDAQ:GOOG)

Brooklyn FI LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 6,347.1% in the fourth quarter, HoldingsChannel reports. The fund owned 365,745 shares of the information services provider’s stock after buying an additional 360,072 shares during the quarter. Brooklyn FI LLC’s holdings in Alphabet were worth $64,544,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GOOG. Principal Financial Group Inc. boosted its holdings in shares of Alphabet by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock valued at $1,843,149,000 after purchasing an additional 264,962 shares during the last quarter. Quest Partners LLC boosted its holdings in Alphabet by 4,715.5% in the third quarter. Quest Partners LLC now owns 8,090 shares of the information services provider’s stock valued at $1,353,000 after acquiring an additional 7,922 shares during the last quarter. Windle Wealth LLC boosted its holdings in Alphabet by 8.6% in the third quarter. Windle Wealth LLC now owns 25,747 shares of the information services provider’s stock valued at $4,305,000 after acquiring an additional 2,030 shares during the last quarter. Aviance Capital Partners LLC increased its stake in Alphabet by 1.0% during the third quarter. Aviance Capital Partners LLC now owns 16,356 shares of the information services provider’s stock worth $2,735,000 after acquiring an additional 163 shares during the last quarter. Finally, Belmont Capital LLC raised its holdings in shares of Alphabet by 0.7% in the 3rd quarter. Belmont Capital LLC now owns 15,181 shares of the information services provider’s stock worth $2,538,000 after purchasing an additional 111 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GOOG. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Benchmark reissued a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Scotiabank upped their price target on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $209.13.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares of the company’s stock, valued at $1,293,285.89. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,048 shares of company stock worth $17,374,274. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Down 2.3 %

GOOG stock opened at $162.67 on Wednesday. The company has a market capitalization of $1.98 trillion, a P/E ratio of 20.21, a PEG ratio of 1.34 and a beta of 1.03. The firm has a 50 day simple moving average of $186.10 and a 200-day simple moving average of $178.10. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a twelve month low of $147.01 and a twelve month high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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