Whipplewood Advisors LLC Invests $1.02 Million in Alphabet Inc. (NASDAQ:GOOGL)

Whipplewood Advisors LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,371 shares of the information services provider's stock, valued at approximately $1,017,000.

Several other large investors have also added to or reduced their stakes in the business. Compass Planning Associates Inc bought a new stake in shares of Alphabet during the 4th quarter worth approximately $30,000. LMR Partners LLP acquired a new position in Alphabet during the third quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. raised its position in Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after acquiring an additional 166 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the fourth quarter valued at $39,000. Finally, PayPay Securities Corp grew its position in shares of Alphabet by 36.1% in the 4th 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 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 fifty-two week low of $137.03 and a fifty-two week high of $207.05. The business has a fifty day moving average price of $187.20 and a two-hundred day moving average price of $176.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $2.00 trillion, a PE ratio of 20.38, a PEG ratio of 1.34 and a beta of 1.02.

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Alphabet (NASDAQ:GOOGL - Get Free Report) last announced 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 return on equity of 32.49% and a net margin of 28.60%. Equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.20 per share. 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 (DPR) is presently 9.94%.

Insider Buying and Selling

In related news, insider John Kent Walker sold 16,820 shares of the business's stock in a transaction 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 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 position. 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 stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares of the company's stock, valued at $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 worth $18,192,354 in the last three months. 11.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on GOOGL shares. Robert W. Baird reaffirmed an "outperform" rating and issued a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Morgan Stanley cut their price objective on Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Cantor Fitzgerald reduced their target price on Alphabet from $215.00 to $210.00 and set a "neutral" rating for the company in a research note on Wednesday, January 22nd. Wells Fargo & Company increased their price target on Alphabet from $187.00 to $190.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average target price of $210.62.

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.

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