Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,703 shares of the information services provider’s stock after acquiring an additional 109 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Alphabet were worth $936,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GOOGL. Kozak & Associates Inc. increased its holdings in Alphabet by 8.0% in the 3rd quarter. Kozak & Associates Inc. now owns 4,860 shares of the information services provider’s stock valued at $669,000 after purchasing an additional 360 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. grew its stake in shares of Alphabet by 2.2% in the third quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 8,059 shares of the information services provider’s stock valued at $1,055,000 after buying an additional 174 shares in the last quarter. Advisors Management Group Inc. ADV raised its holdings in shares of Alphabet by 27.7% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 24,366 shares of the information services provider’s stock valued at $3,188,000 after buying an additional 5,279 shares during the period. Firethorn Wealth Partners LLC lifted its position in Alphabet by 2.9% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 8,830 shares of the information services provider’s stock worth $1,155,000 after acquiring an additional 248 shares in the last quarter. Finally, Mach 1 Financial Group LLC boosted its holdings in Alphabet by 186.7% in the 3rd quarter. Mach 1 Financial Group LLC now owns 12,674 shares of the information services provider’s stock worth $1,659,000 after acquiring an additional 8,254 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction 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 approximately $243,854,485.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at $243,854,485.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The disclosure for this sale can be found here. Insiders sold 253,209 shares of company stock valued at $36,711,144 over the last 90 days. 0.88% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $166.15 on Tuesday. The firm’s 50 day moving average is $148.36 and its two-hundred day moving average is $141.62. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 25.48, a PEG ratio of 1.57 and a beta of 1.05. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52 week low of $103.71 and a 52 week high of $174.71.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $66.04 billion. During the same period last year, the firm earned $1.17 EPS. Analysts anticipate that Alphabet Inc. will post 6.82 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, June 10th.

Analyst Ratings Changes

A number of research firms have recently issued reports on GOOGL. Oppenheimer lifted their price objective on shares of Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday. Wells Fargo & Company lifted their price target on shares of Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Friday. Piper Sandler reissued an “overweight” rating and issued a $200.00 price objective (up from $160.00) on shares of Alphabet in a research report on Friday. JPMorgan Chase & Co. lifted their target price on Alphabet from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Needham & Company LLC increased their price target on Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a report on Friday. Five research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.44.

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.