Alphabet Inc. (NASDAQ:GOOGL) Stock Position Lifted by Winmill & CO. Inc.

Winmill & CO. Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 108,100 shares of the information services provider's stock after acquiring an additional 15,700 shares during the quarter. Alphabet comprises about 6.6% of Winmill & CO. Inc.'s portfolio, making the stock its 3rd biggest holding. Winmill & CO. Inc.'s holdings in Alphabet were worth $20,463,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of GOOGL. Compass Planning Associates Inc acquired a new stake in shares of Alphabet in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Alphabet by 518.8% during 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 buying an additional 166 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the fourth quarter valued at about $39,000. PayPay Securities Corp grew its position in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. Finally, Prudent Man Investment Management Inc. bought a new position in Alphabet in the fourth quarter valued at about $53,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Down 1.7 %

Alphabet stock traded down $2.76 during midday trading on Tuesday, reaching $156.31. The stock had a trading volume of 27,453,571 shares, compared to its average volume of 28,219,399. The company has a fifty day moving average price of $167.87 and a two-hundred day moving average price of $176.28. The company has a market capitalization of $1.91 trillion, a P/E ratio of 19.42, a PEG ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05.

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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 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is 9.94%.

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of Alphabet from $184.00 to $167.00 and set an "equal weight" rating on the stock in a research note on Monday, March 31st. Wedbush set a $190.00 target price on shares of Alphabet and gave the company an "outperform" rating in a research report on Tuesday. UBS Group set a $190.00 price target on shares of Alphabet in a report on Thursday, March 27th. Piper Sandler cut their price objective on Alphabet from $208.00 to $185.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, JMP Securities restated a "market perform" rating on shares of Alphabet in a research report on Thursday, April 10th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $204.72.

Insider Activity

In related news, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the transaction, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,497 shares of company stock worth $20,837,150 over the last three months. 11.55% of the stock is currently owned by insiders.

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.