APEIRON CAPITAL Ltd Makes New Investment in Alphabet Inc. (NASDAQ:GOOGL)

APEIRON CAPITAL Ltd acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 35,499 shares of the information services provider’s stock, valued at approximately $6,720,000. Alphabet makes up 2.5% of APEIRON CAPITAL Ltd’s holdings, making the stock its 9th biggest holding.

Several other institutional investors also recently made changes to their positions in GOOGL. LMR Partners LLP purchased a new position in Alphabet in the third quarter valued at approximately $32,000. Kings Path Partners LLC purchased a new stake in Alphabet during the second quarter worth approximately $36,000. Denver PWM LLC acquired a new stake in shares of Alphabet in the second quarter worth $41,000. Quarry LP purchased a new position in shares of Alphabet in the 2nd quarter valued at $53,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Alphabet in the 3rd quarter valued at $66,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GOOGL has been the subject of several recent research reports. Pivotal Research increased their price target on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. JMP Securities lowered Alphabet from an “outperform” rating to a “market perform” rating and set a $220.00 target price for the company. in a research note on Thursday, January 2nd. Bank of America reissued a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $206.82.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $4,085,531.55. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $164.95, for a total value of $247,425.00. Following the transaction, the director now directly owns 26,324 shares of the company’s stock, valued at $4,342,143.80. This represents a 5.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 155,887 shares of company stock valued at $27,996,356. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $196.87 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $180.84 and its two-hundred day moving average is $172.60. The firm has a market capitalization of $2.41 trillion, a P/E ratio of 26.11, a PEG ratio of 1.35 and a beta of 0.98. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $201.42.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the previous year, the business earned $1.55 EPS. Analysts anticipate that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. Alphabet’s dividend payout ratio is presently 10.61%.

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.