Sapient Capital LLC Makes New $20.22 Million Investment in Alphabet Inc. (NASDAQ:GOOG)

Sapient Capital LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 143,477 shares of the information services provider’s stock, valued at approximately $20,220,000.

Several other large investors have also recently bought and sold shares of the company. Axxcess Wealth Management LLC lifted its stake in shares of Alphabet by 7.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 114,196 shares of the information services provider’s stock valued at $15,541,000 after purchasing an additional 7,768 shares during the period. Signature Resources Capital Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $1,093,000. Power Wealth Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $703,000. Bordeaux Wealth Advisors LLC lifted its stake in shares of Alphabet by 23.7% in the 4th quarter. Bordeaux Wealth Advisors LLC now owns 364,378 shares of the information services provider’s stock valued at $51,352,000 after purchasing an additional 69,912 shares during the period. Finally, Goldstream Capital Management Ltd lifted its stake in shares of Alphabet by 43.3% in the 4th quarter. Goldstream Capital Management Ltd now owns 92,451 shares of the information services provider’s stock valued at $13,029,000 after purchasing an additional 27,948 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the sale, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the sale, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 2,100 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The disclosure for this sale can be found here. Insiders have sold a total of 275,129 shares of company stock valued at $40,382,765 in the last ninety days. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Performance

NASDAQ:GOOG traded up $0.53 during mid-day trading on Friday, hitting $168.99. The stock had a trading volume of 22,767,056 shares, compared to its average volume of 22,353,938. Alphabet Inc. has a twelve month low of $104.70 and a twelve month high of $176.42. The stock has a market cap of $2.10 trillion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.26 and a beta of 1.02. The company’s 50 day simple moving average is $151.46 and its 200 day simple moving average is $143.69. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.15.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same period last year, the business posted $1.17 EPS. Alphabet’s revenue was up 15.4% on a year-over-year basis. On average, equities research analysts forecast that Alphabet Inc. will post 7.66 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GOOG. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Raymond James raised their price objective on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Oppenheimer raised their price objective on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Susquehanna raised their price objective on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus raised their price objective on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $165.67.

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.