Aigen Investment Management LP Purchases 2,998 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Aigen Investment Management LP grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 64.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,617 shares of the information services provider’s stock after buying an additional 2,998 shares during the period. Aigen Investment Management LP’s holdings in Alphabet were worth $1,064,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the 4th quarter worth $38,000. Meritage Group LP increased its position in shares of Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the period. Armor Investment Advisors LLC raised its stake in Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 80 shares in the last quarter. IAG Wealth Partners LLC lifted its position in Alphabet by 55.9% during the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after purchasing an additional 123 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new stake in Alphabet during the fourth quarter worth about $55,000. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. KeyCorp upped their target price on Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Canaccord Genuity Group lifted their price target on Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, April 26th. JMP Securities restated a “market outperform” rating and set a $200.00 price objective on shares of Alphabet in a research report on Wednesday, May 15th. Finally, Truist Financial lifted their target price on Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $191.57.

Alphabet Trading Up 0.8 %

NASDAQ GOOGL opened at $174.99 on Monday. The stock has a market capitalization of $2.16 trillion, a P/E ratio of 26.84, a P/E/G ratio of 1.31 and a beta of 1.02. The business has a 50 day simple moving average of $160.81 and a 200 day simple moving average of $146.91. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. Alphabet Inc. has a one year low of $115.35 and a one year high of $178.77.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 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 the consensus estimate of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter last year, the firm posted $1.17 EPS. Research analysts expect that Alphabet Inc. will post 7.61 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, June 10th.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director John L. Hennessy sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total value of $41,853.00. Following the transaction, the director now owns 9,291 shares in the company, valued at $1,296,187.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 205,935 shares of company stock worth $31,178,987. Company insiders own 11.55% of the company’s stock.

About Alphabet

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.