Calamos Wealth Management LLC Has $48.62 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Calamos Wealth Management LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 348,022 shares of the information services provider’s stock after acquiring an additional 1,355 shares during the period. Alphabet comprises 3.1% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position. Calamos Wealth Management LLC’s holdings in Alphabet were worth $48,615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC boosted its holdings in Alphabet by 5.6% in the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after buying an additional 12,070,681 shares during the period. Northern Trust Corp boosted its holdings in Alphabet by 3.7% in the 3rd quarter. Northern Trust Corp now owns 67,684,197 shares of the information services provider’s stock worth $8,857,154,000 after buying an additional 2,416,328 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Alphabet by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 34,035,275 shares of the information services provider’s stock worth $4,453,856,000 after buying an additional 335,219 shares during the period. American Century Companies Inc. boosted its holdings in Alphabet by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 25,064,614 shares of the information services provider’s stock worth $3,279,955,000 after buying an additional 1,809,910 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Alphabet by 9.3% in the 3rd quarter. Jennison Associates LLC now owns 24,145,417 shares of the information services provider’s stock worth $3,159,669,000 after buying an additional 2,058,221 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Trading Up 10.2 %

Shares of NASDAQ GOOGL opened at $171.95 on Monday. Alphabet Inc. has a 1 year low of $103.54 and a 1 year high of $174.71. The stock has a market cap of $2.14 trillion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.58 and a beta of 1.05. The firm has a 50-day moving average of $147.85 and a 200 day moving average of $141.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. The company had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. During the same period last year, the company posted $1.05 EPS. As a group, sell-side analysts expect that Alphabet Inc. will post 6.82 EPS for the current fiscal year.

Alphabet Announces Dividend

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 of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%.

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director John L. Hennessy sold 2,100 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 230 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Insiders sold a total of 253,439 shares of company stock valued at $36,746,578 in the last three months. Company insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GOOGL. Evercore ISI raised their price objective on shares of Alphabet from $160.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group increased their target price on shares of Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Needham & Company LLC increased their target price on shares of Alphabet from $160.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday. Rosenblatt Securities increased their target price on shares of Alphabet from $172.00 to $182.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Roth Mkm increased their target price on shares of Alphabet from $164.00 to $202.00 and gave the stock a “buy” rating in a research note on Friday. Five equities research 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’s stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $187.82.

Alphabet Company 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.