Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Trimmed by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,469 shares of the information services provider’s stock after selling 288 shares during the period. Evolution Wealth Advisors LLC’s holdings in Alphabet were worth $1,323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOGL. Aire Advisors LLC grew its stake in Alphabet by 0.6% in the fourth quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after purchasing an additional 68 shares in the last quarter. Defined Wealth Management LLC grew its stake in Alphabet by 2.9% in the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock valued at $354,000 after purchasing an additional 71 shares in the last quarter. WealthCare Investment Partners LLC grew its stake in Alphabet by 2.1% in the fourth quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock valued at $482,000 after purchasing an additional 71 shares in the last quarter. Peoples Financial Services CORP. grew its stake in Alphabet by 0.4% in the fourth quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock valued at $2,331,000 after purchasing an additional 72 shares in the last quarter. Finally, RAM Investment Partners LLC grew its stake in Alphabet by 1.0% in the fourth quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock valued at $1,055,000 after purchasing an additional 73 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent research reports. JMP Securities boosted their target price on Alphabet from $160.00 to $200.00 and gave the company a “market outperform” rating in a research note on Friday. Mizuho upped their price target on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. Wolfe Research upped their price target on Alphabet from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday. TD Cowen upped their price target on Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada upped their price target on Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday. Five analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $187.82.

Alphabet Trading Up 10.2 %

GOOGL stock opened at $171.95 on Friday. Alphabet Inc. has a 1-year low of $103.54 and a 1-year high of $174.71. The firm has a market cap of $2.14 trillion, a P/E ratio of 26.37, a P/E/G ratio of 1.43 and a beta of 1.05. The business’s 50 day moving average is $147.85 and its 200-day moving average is $141.42. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. During the same period in the prior year, the company posted $1.05 EPS. Equities analysts anticipate that Alphabet Inc. will post 6.79 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the sale, the chief executive officer now directly owns 2,377,691 shares in the company, valued at approximately $347,832,416.39. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the transaction, the director now directly owns 5,891 shares in the company, valued at approximately $1,035,402.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the completion of the transaction, the chief executive officer now owns 2,377,691 shares in the company, valued at $347,832,416.39. The disclosure for this sale can be found here. Insiders have sold a total of 253,439 shares of company stock worth $36,746,578 in the last three months. Insiders own 0.88% 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.