Alphabet Inc. (NASDAQ:GOOGL) Stake Raised by Cadinha & Co. LLC

Cadinha & Co. LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,632 shares of the information services provider's stock after buying an additional 37,362 shares during the quarter. Alphabet accounts for about 5.2% of Cadinha & Co. LLC's investment portfolio, making the stock its 4th largest position. Cadinha & Co. LLC's holdings in Alphabet were worth $31,543,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LMR Partners LLP bought a new position in Alphabet in the 3rd quarter worth $32,000. Denver PWM LLC raised its holdings in Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after acquiring an additional 57 shares during the period. Quarry LP bought a new stake in Alphabet during the second quarter valued at about $53,000. Teachers Insurance & Annuity Association of America bought a new stake in Alphabet during the third quarter valued at about $66,000. Finally, Mendota Financial Group LLC raised its holdings in Alphabet by 19.0% during the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider's stock valued at $67,000 after acquiring an additional 64 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Activity

In other news, Director Frances Arnold sold 441 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the sale, the director now directly owns 16,490 shares of the company's stock, valued at $2,820,779.40. The trade was a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,387 shares of company stock valued at $24,368,654 over the last ninety days. 11.55% of the stock is currently owned by insiders.

Alphabet Stock Up 0.6 %

NASDAQ:GOOGL traded up $1.11 during trading hours on Thursday, reaching $199.48. The company's stock had a trading volume of 4,132,065 shares, compared to its average volume of 22,319,691. The company has a market capitalization of $2.44 trillion, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $202.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a 50 day moving average price of $185.46 and a two-hundred day moving average price of $173.55.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Equities analysts predict that Alphabet Inc. will post 8.03 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet's payout ratio is presently 10.61%.

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of recent analyst reports. Scotiabank raised Alphabet to a "strong-buy" rating in a report on Friday, October 11th. Wells Fargo & Company raised their price target on Alphabet from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Royal Bank of Canada raised their price target on Alphabet from $204.00 to $210.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Finally, Bank of America reaffirmed a "buy" rating and issued a $210.00 target price on shares of Alphabet in a report on Monday, December 23rd. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus price target of $208.67.

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.