Traveka Wealth LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 27.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,492 shares of the information services provider's stock after buying an additional 4,409 shares during the period. Alphabet accounts for 2.1% of Traveka Wealth LLC's portfolio, making the stock its 14th largest holding. Traveka Wealth LLC's holdings in Alphabet were worth $3,879,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schear Investment Advisers LLC raised its stake in shares of Alphabet by 17.0% in the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock valued at $5,598,000 after acquiring an additional 4,905 shares in the last quarter. Trinity Financial Advisors LLC raised its position in shares of Alphabet by 4.5% in the third quarter. Trinity Financial Advisors LLC now owns 4,423 shares of the information services provider's stock valued at $771,000 after purchasing an additional 190 shares during the period. Landscape Capital Management L.L.C. raised its position in shares of Alphabet by 27.9% in the third quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock valued at $4,192,000 after purchasing an additional 5,516 shares during the period. abrdn plc lifted its stake in shares of Alphabet by 10.7% in the third quarter. abrdn plc now owns 6,305,717 shares of the information services provider's stock worth $1,037,196,000 after buying an additional 611,233 shares during the last quarter. Finally, StoneCrest Wealth Management Inc. boosted its holdings in shares of Alphabet by 0.7% during the 3rd quarter. StoneCrest Wealth Management Inc. now owns 21,509 shares of the information services provider's stock worth $3,567,000 after buying an additional 140 shares during the period. Institutional investors own 40.03% of the company's stock.
Insider Activity at Alphabet
In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total transaction of $284,700.00. Following the sale, the director now directly owns 21,824 shares in the company, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 1,367 shares of Alphabet stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the transaction, the chief accounting officer now directly owns 26,349 shares in the company, valued at approximately $4,516,745.58. The trade was a 4.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,553 shares of company stock worth $23,817,951. 11.55% of the stock is currently owned by company insiders.
Alphabet Trading Up 2.6 %
Shares of GOOGL stock traded up $4.87 during trading hours on Wednesday, reaching $194.53. The company had a trading volume of 4,407,786 shares, compared to its average volume of 21,005,467. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $201.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 1.35 and a beta of 0.98. The company has a 50 day moving average of $183.45 and a 200 day moving average of $173.04.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 8.01 EPS for the current year.
Alphabet Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet's payout ratio is 10.61%.
Analyst Ratings Changes
A number of research analysts have weighed in on GOOGL shares. Sanford C. Bernstein boosted their target price on shares of Alphabet from $180.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th. Needham & Company LLC restated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research note on Wednesday, October 30th. Truist Financial raised their target price on Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Stifel Nicolaus upped their price target on Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday. Finally, Seaport Res Ptn upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and an average target price of $208.15.
Get Our Latest Analysis on GOOGL
Alphabet Company Profile
(
Free Report)
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.
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