CV Advisors LLC Acquires 18,133 Shares of Alphabet Inc. (NASDAQ:GOOGL)

CV Advisors LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 33.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,847 shares of the information services provider's stock after buying an additional 18,133 shares during the period. Alphabet makes up about 4.6% of CV Advisors LLC's investment portfolio, making the stock its 6th largest holding. CV Advisors LLC's holdings in Alphabet were worth $13,601,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Compass Planning Associates Inc acquired a new position in shares of Alphabet in the fourth quarter worth about $30,000. LMR Partners LLP purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter worth approximately $39,000. Finally, PayPay Securities Corp grew its position in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of GOOGL stock traded up $0.31 during mid-day trading on Monday, reaching $154.64. The stock had a trading volume of 54,553,702 shares, compared to its average volume of 27,385,685. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05. The firm has a market cap of $1.89 trillion, a PE ratio of 19.21, a P/E/G ratio of 1.34 and a beta of 1.02. The firm's 50 day simple moving average is $178.83 and its 200 day simple moving average is $177.10. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

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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, topping 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%. On average, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is 9.94%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GOOGL shares. KeyCorp decreased their target price on Alphabet from $220.00 to $202.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. The Goldman Sachs Group reissued a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Piper Sandler lowered their target price on Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Wolfe Research increased their price target on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, DZ Bank cut shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target for the company. in a report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $209.49.

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 29,066 shares of the company's stock in a transaction 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 sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,103 shares of company stock worth $16,115,139. Company insiders own 11.55% of the company's stock.

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.