Climber Capital SA Invests $349,000 in Alphabet Inc. (NASDAQ:GOOG)

Climber Capital SA bought a new stake in Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,836 shares of the information services provider’s stock, valued at approximately $349,000.

Several other hedge funds also recently added to or reduced their stakes in GOOG. Weiss Asset Management LP purchased a new stake in Alphabet during the 3rd quarter worth approximately $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at about $27,000. Safe Harbor Fiduciary LLC purchased a new stake in Alphabet in the 3rd quarter valued at $33,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet during the 4th quarter worth approximately $38,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Alphabet in the 4th quarter valued at $39,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In related news, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the transaction, the director now owns 272,466 shares of the company’s stock, valued at $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 673 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now directly owns 15,303 shares of the company’s stock, valued at $2,377,014.99. This trade represents a 4.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,297 shares of company stock valued at $15,936,270 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Down 0.0 %

NASDAQ GOOG opened at $158.86 on Thursday. The business has a fifty day moving average price of $179.06 and a two-hundred day moving average price of $178.56. The stock has a market capitalization of $1.94 trillion, a PE ratio of 19.73, a PEG ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a fifty-two week low of $148.20 and a fifty-two week high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Equities analysts expect 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. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.50%. Alphabet’s dividend payout ratio is currently 9.94%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Benchmark restated a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Westpark Capital began coverage on Alphabet in a research note on Tuesday. They set a “buy” rating and a $210.00 price target for the company. Oppenheimer upped their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Scotiabank boosted their price target on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.65.

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.