Windle Wealth LLC Purchases New Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Windle Wealth LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,666 shares of the information services provider's stock, valued at approximately $315,000. Alphabet accounts for about 0.2% of Windle Wealth LLC's investment portfolio, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Moors & Cabot Inc. boosted its stake in Alphabet by 4.2% during the 4th quarter. Moors & Cabot Inc. now owns 148,663 shares of the information services provider's stock valued at $28,142,000 after purchasing an additional 6,006 shares during the last quarter. Bender Robert & Associates grew its holdings in Alphabet by 1.3% during the fourth quarter. Bender Robert & Associates now owns 58,933 shares of the information services provider's stock worth $11,156,000 after buying an additional 784 shares in the last quarter. Prosperity Wealth Management Inc. raised its position in Alphabet by 1.3% in the 4th quarter. Prosperity Wealth Management Inc. now owns 8,480 shares of the information services provider's stock valued at $1,605,000 after buying an additional 107 shares during the last quarter. Warburton Capital Management LLC bought a new position in Alphabet during the 4th quarter valued at $438,000. Finally, Prosperity Financial Group Inc. boosted its holdings in Alphabet by 9.5% during the 4th quarter. Prosperity Financial Group Inc. now owns 19,346 shares of the information services provider's stock worth $3,662,000 after acquiring an additional 1,675 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently weighed in on GOOGL shares. Robert W. Baird reissued an "outperform" rating and set a $205.00 price target on shares of Alphabet in a research report on Tuesday, December 10th. Stifel Nicolaus lifted their target price on shares of Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. KeyCorp reduced their target price on Alphabet from $220.00 to $202.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Finally, Bank of America restated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $210.59.

Alphabet Trading Down 3.2 %

Alphabet stock traded down $5.50 during mid-day trading on Wednesday, hitting $165.06. The company's stock had a trading volume of 28,889,147 shares, compared to its average volume of 25,905,073. The business has a 50 day moving average price of $181.11 and a 200-day moving average price of $176.78. Alphabet Inc. has a 12 month low of $147.22 and a 12 month high of $207.05. The stock has a market cap of $2.01 trillion, a price-to-earnings ratio of 20.50, 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 current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS 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%. As a group, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet's dividend payout ratio is presently 9.94%.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 200 shares of Alphabet 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 sale, 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. Insiders sold 93,048 shares of company stock valued at $17,374,274 in the last 90 days. Insiders own 11.55% of the company's stock.

About Alphabet

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.