Summit Trail Advisors LLC Buys 27,027 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Summit Trail Advisors LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 18.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,151 shares of the information services provider's stock after buying an additional 27,027 shares during the period. Alphabet comprises approximately 1.2% of Summit Trail Advisors LLC's investment portfolio, making the stock its 11th biggest holding. Summit Trail Advisors LLC's holdings in Alphabet were worth $32,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brady Family Wealth LLC increased its stake in shares of Alphabet by 1.6% during the third quarter. Brady Family Wealth LLC now owns 68,597 shares of the information services provider's stock worth $11,377,000 after purchasing an additional 1,048 shares during the period. Lynch & Associates IN increased its stake in shares of Alphabet by 1.7% during the third quarter. Lynch & Associates IN now owns 30,534 shares of the information services provider's stock worth $5,064,000 after purchasing an additional 508 shares during the period. ERn Financial LLC increased its stake in shares of Alphabet by 1.5% during the third quarter. ERn Financial LLC now owns 17,274 shares of the information services provider's stock worth $2,865,000 after purchasing an additional 263 shares during the period. Kapitalo Investimentos Ltda increased its stake in shares of Alphabet by 2.7% during the third quarter. Kapitalo Investimentos Ltda now owns 9,203 shares of the information services provider's stock worth $1,526,000 after purchasing an additional 246 shares during the period. Finally, EdgeRock Capital LLC increased its stake in shares of Alphabet by 7.5% during the third quarter. EdgeRock Capital LLC now owns 6,399 shares of the information services provider's stock worth $1,061,000 after purchasing an additional 444 shares during the period. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 29,066 shares of the business's stock in a transaction that occurred 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 in the company, valued at $50,376,238.74. The trade was a 9.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now owns 1,449,286 shares in the company, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,299 shares of company stock worth $25,055,751. Insiders own 11.55% of the company's stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent research reports. Cantor Fitzgerald lowered their target price on Alphabet from $215.00 to $210.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 22nd. Bank of America reiterated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. The Goldman Sachs Group reissued a "buy" rating and set a $210.00 price target on shares of Alphabet in a research report on Thursday, December 12th. Phillip Securities raised Alphabet to a "strong-buy" rating in a research report on Friday, November 1st. Finally, Seaport Res Ptn raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $210.62.

Alphabet Stock Down 2.7 %

Shares of GOOGL traded down $4.90 during trading hours on Friday, hitting $179.66. The stock had a trading volume of 35,094,289 shares, compared to its average volume of 28,166,218. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a 50 day simple moving average of $192.46 and a 200-day simple moving average of $175.69. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. Sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. 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.