Condor Capital Management Has $3.37 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Condor Capital Management grew its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,669 shares of the information services provider’s stock after purchasing an additional 82 shares during the quarter. Condor Capital Management’s holdings in Alphabet were worth $3,365,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GOOG. Principal Financial Group Inc. raised its holdings in Alphabet by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock worth $1,843,149,000 after purchasing an additional 264,962 shares during the last quarter. Quest Partners LLC increased its stake in shares of Alphabet by 4,715.5% in the 3rd quarter. Quest Partners LLC now owns 8,090 shares of the information services provider’s stock valued at $1,353,000 after acquiring an additional 7,922 shares in the last quarter. Avior Wealth Management LLC increased its stake in shares of Alphabet by 5.7% in the 3rd quarter. Avior Wealth Management LLC now owns 24,940 shares of the information services provider’s stock valued at $4,170,000 after acquiring an additional 1,344 shares in the last quarter. Thompson Davis & CO. Inc. increased its stake in shares of Alphabet by 13.7% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 4,531 shares of the information services provider’s stock valued at $758,000 after acquiring an additional 546 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in shares of Alphabet in the 3rd quarter valued at $4,519,000. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares in the company, valued at $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 93,048 shares of company stock valued at $17,374,274. 12.99% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on GOOG. Rosenblatt Securities reiterated a “neutral” rating on shares of Alphabet in a research note on Wednesday. Wedbush reiterated an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Benchmark reiterated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Scotiabank boosted their price target on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $166.28 on Thursday. The company’s 50-day moving average is $185.52 and its 200 day moving average is $178.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $2.03 trillion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $147.67 and a fifty-two week high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

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.