Brooklyn FI LLC Acquires 863 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Brooklyn FI LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 50.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,586 shares of the information services provider’s stock after acquiring an additional 863 shares during the period. Brooklyn FI LLC’s holdings in Alphabet were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Alphabet by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 493,810,251 shares of the information services provider’s stock worth $68,980,354,000 after acquiring an additional 6,374,756 shares during the period. Norges Bank bought a new position in shares of Alphabet in the 4th quarter worth $15,441,917,000. Fisher Asset Management LLC increased its holdings in shares of Alphabet by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 45,220,857 shares of the information services provider’s stock worth $6,316,902,000 after buying an additional 1,472,043 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Alphabet by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,910,194 shares of the information services provider’s stock worth $4,876,605,000 after buying an additional 874,919 shares during the last quarter. Finally, Capital International Investors increased its holdings in shares of Alphabet by 2.3% in the 4th quarter. Capital International Investors now owns 30,408,933 shares of the information services provider’s stock worth $4,247,868,000 after buying an additional 686,514 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 1.2 %

Shares of Alphabet stock opened at $185.24 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The company has a 50-day moving average of $173.38 and a 200 day moving average of $154.80. The firm has a market cap of $2.29 trillion, a price-to-earnings ratio of 28.41, a PEG ratio of 1.37 and a beta of 1.05. Alphabet Inc. has a 1 year low of $115.35 and a 1 year high of $186.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period last year, the business earned $1.17 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. Alphabet’s payout ratio is 12.27%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GOOGL shares. Bank of America reissued a “buy” rating and issued a $200.00 price target on shares of Alphabet in a report on Tuesday, June 11th. Wedbush increased their price target on shares of Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Evercore ISI upped their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, June 11th. Sanford C. Bernstein upped their price objective on shares of Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, April 26th. Finally, KeyCorp upped their price objective on shares of Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $193.66.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the sale, the director now directly owns 7,991 shares in the company, valued at approximately $1,275,043.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the sale, the director now directly owns 7,991 shares in the company, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. Insiders sold a total of 123,788 shares of company stock worth $21,143,403 in the last three months. 11.55% of the stock is owned by corporate insiders.

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.