Nwam LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,204 shares of the information services provider's stock after acquiring an additional 3,017 shares during the period. Alphabet comprises approximately 0.7% of Nwam LLC's portfolio, making the stock its 24th largest position. Nwam LLC's holdings in Alphabet were worth $11,964,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. GenTrust LLC increased its holdings in shares of Alphabet by 11.1% in the fourth quarter. GenTrust LLC now owns 4,821 shares of the information services provider's stock valued at $913,000 after purchasing an additional 483 shares during the period. Cable Hill Partners LLC increased its holdings in Alphabet by 4.6% during the 4th quarter. Cable Hill Partners LLC now owns 12,577 shares of the information services provider's stock valued at $2,381,000 after acquiring an additional 549 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Alphabet in the 4th quarter valued at approximately $1,017,000. NewEdge Wealth LLC lifted its holdings in Alphabet by 6.1% in the 4th quarter. NewEdge Wealth LLC now owns 732,060 shares of the information services provider's stock valued at $138,579,000 after purchasing an additional 42,122 shares in the last quarter. Finally, Oakwell Private Wealth Management LLC grew its stake in Alphabet by 4.6% in the 4th quarter. Oakwell Private Wealth Management LLC now owns 7,231 shares of the information services provider's stock worth $1,369,000 after acquiring an additional 315 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.
Alphabet Stock Down 1.1 %
NASDAQ GOOGL opened at $164.04 on Wednesday. Alphabet Inc. has a 52 week low of $137.03 and a 52 week high of $207.05. The stock has a market capitalization of $2.00 trillion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a fifty day moving average of $187.20 and a 200-day moving average of $176.55.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Dividend Announcement
The company 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 $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's dividend payout ratio is 9.94%.
Insiders Place Their Bets
In other news, insider John Kent Walker sold 16,820 shares of the business's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. The trade was a 27.66 % 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, CAO Amie Thuener O'toole sold 1,374 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the transaction, the chief accounting officer now directly owns 15,024 shares in the company, valued at approximately $2,606,213.28. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,182 shares of company stock valued at $18,192,354 in the last quarter. 11.55% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Alphabet from $232.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Cantor Fitzgerald cut 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. DZ Bank cut Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price on the stock. in a report on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and issued a $225.00 target price on shares of Alphabet in a report on Wednesday, February 5th. Finally, Piper Sandler cut their price objective on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $210.62.
View Our Latest Research Report on GOOGL
Alphabet Company Profile
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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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