Donald L. Hagan LLC Buys 502 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Donald L. Hagan LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 14,890 shares of the information services provider’s stock after acquiring an additional 502 shares during the period. Alphabet makes up 1.2% of Donald L. Hagan LLC’s investment portfolio, making the stock its 12th biggest position. Donald L. Hagan LLC’s holdings in Alphabet were worth $2,303,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in GOOGL. Compass Planning Associates Inc bought a new stake in Alphabet in the fourth quarter worth $30,000. PayPay Securities Corp lifted its stake in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Anderson Financial Strategies LLC bought a new stake in Alphabet in the fourth quarter worth $49,000. Navigoe LLC bought a new stake in Alphabet in the fourth quarter worth $51,000. Finally, Prudent Man Investment Management Inc. bought a new stake in Alphabet in the fourth quarter worth $53,000. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GOOGL shares. JMP Securities reissued a “market perform” rating on shares of Alphabet in a research note on Wednesday, May 21st. Roth Mkm reissued a “buy” rating and issued a $220.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Jefferies Financial Group lowered their price target on shares of Alphabet from $235.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Susquehanna decreased their price objective on shares of Alphabet from $225.00 to $220.00 and set a “positive” rating on the stock in a research report on Friday, April 25th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $200.00 price objective (down previously from $230.00) on shares of Alphabet in a research report on Thursday, April 17th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $199.75.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 673 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 11,764 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the transaction, the insider now owns 49,037 shares in the company, valued at approximately $8,181,333.08. This represents a 19.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 195,570 shares of company stock worth $32,003,532. Corporate insiders own 11.64% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $174.67 on Friday. The stock has a market cap of $2.12 trillion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The firm’s 50-day simple moving average is $162.89 and its two-hundred day simple moving average is $174.61.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion for the quarter, compared to analysts’ expectations of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same quarter in the prior year, the company earned $1.89 earnings per share. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Monday, June 9th. This is a boost from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s dividend payout ratio is 9.36%.

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.