Wilmar Advisors LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 26,000 shares of the information services provider's stock, valued at approximately $4,922,000. Alphabet accounts for approximately 4.6% of Wilmar Advisors LLC's portfolio, making the stock its 7th biggest holding.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Bennett Selby Investments LP grew its holdings in Alphabet by 4.0% in the 4th quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock valued at $256,000 after buying an additional 52 shares during the last quarter. Macroview Investment Management LLC raised its position in Alphabet by 4.2% in the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after purchasing an additional 52 shares in the last quarter. Conrad Siegel Investment Advisors Inc. boosted its stake in Alphabet by 0.5% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock valued at $1,864,000 after buying an additional 53 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in Alphabet by 2.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock valued at $457,000 after buying an additional 53 shares in the last quarter. Finally, Addison Advisors LLC grew its position in Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after acquiring an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on GOOGL shares. JMP Securities reissued a "market perform" rating on shares of Alphabet in a research note on Wednesday, February 5th. DZ Bank cut Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective on the stock. in a report on Thursday, February 6th. Needham & Company LLC reiterated a "buy" rating and set a $225.00 target price on shares of Alphabet in a report on Wednesday, February 5th. JPMorgan Chase & Co. cut their price target on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Finally, Roth Mkm reissued a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a report on Wednesday. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $210.59.
Read Our Latest Stock Analysis on GOOGL
Insider Buying and Selling at Alphabet
In other news, CAO Amie Thuener O'toole sold 1,340 shares of the firm's stock in a transaction dated 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 directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 7,813 shares in the company, 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 93,048 shares of company stock worth $17,374,274. Corporate insiders own 11.55% of the company's stock.
Alphabet Stock Up 3.1 %
Shares of NASDAQ GOOGL traded up $5.03 during mid-day trading on Wednesday, hitting $165.70. The company had a trading volume of 19,334,186 shares, compared to its average volume of 25,764,349. 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 business's 50-day simple moving average is $184.35 and its 200 day simple moving average is $176.56. The company has a market capitalization of $2.02 trillion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 1-year low of $146.08 and a 1-year high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating 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%. On average, analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet's dividend payout ratio (DPR) is 9.94%.
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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