WP Advisors LLC Raises Stake in Alphabet Inc. (NASDAQ:GOOGL)

WP Advisors LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,942 shares of the information services provider’s stock after buying an additional 125 shares during the period. WP Advisors LLC’s holdings in Alphabet were worth $690,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Meritage Group LP lifted its holdings in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after acquiring an additional 276 shares during the period. Macroview Investment Management LLC increased its position in Alphabet by 165.8% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Armor Investment Advisors LLC boosted its holdings in shares of Alphabet by 31.0% in the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 80 shares during the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of Alphabet during the 4th quarter valued at $55,000. Finally, LFA Lugano Financial Advisors SA increased its holdings in shares of Alphabet by 301.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock worth $73,000 after buying an additional 392 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GOOGL shares. KeyCorp lifted their target price on Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Sanford C. Bernstein boosted their target price on Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday. Canaccord Genuity Group increased their target price on shares of Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday. Roth Mkm lifted their price target on shares of Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research report on Friday. Finally, Truist Financial boosted their price objective on shares of Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned 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 target price of $187.82.

Insiders Place Their Bets

In related news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the transaction, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,439 shares of company stock valued at $36,746,578. Company insiders own 0.88% of the company’s stock.

Alphabet Stock Up 10.2 %

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

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. During the same quarter last year, the firm earned $1.05 EPS. Sell-side analysts predict that Alphabet Inc. will post 6.82 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.47%.

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.