Bryn Mawr Capital Management LLC Has $34.27 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Bryn Mawr Capital Management LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,344 shares of the information services provider’s stock after purchasing an additional 10,960 shares during the quarter. Alphabet accounts for 2.1% of Bryn Mawr Capital Management LLC’s portfolio, making the stock its 7th largest position. Bryn Mawr Capital Management LLC’s holdings in Alphabet were worth $34,272,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. FMR LLC raised its holdings in shares of 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 in the last quarter. International Assets Investment Management LLC raised its stake in Alphabet by 4,894.1% during the fourth quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock worth $7,606,670,000 after acquiring an additional 5,336,359 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Alphabet during the third quarter valued at $634,465,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Alphabet in the 3rd quarter valued at $601,545,000. Finally, Lone Pine Capital LLC bought a new stake in shares of Alphabet in the 3rd quarter worth about $407,367,000. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of GOOGL stock opened at $167.24 on Friday. The firm has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. Alphabet Inc. has a 12-month low of $103.97 and a 12-month high of $174.71. The company has a quick ratio of 2.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average of $149.67 and a 200-day moving average of $142.12.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $66.04 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post 7.57 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s payout ratio is currently 12.27%.

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the sale, the chief executive officer now directly owns 2,280,511 shares in the company, valued at $380,389,234.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director John L. Hennessy sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total transaction of $41,853.00. Following the completion of the transaction, the director now directly owns 9,291 shares of the company’s stock, valued at approximately $1,296,187.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,280,511 shares in the company, valued at approximately $380,389,234.80. The disclosure for this sale can be found here. Insiders sold 275,129 shares of company stock worth $40,382,765 over the last quarter. 0.88% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GOOGL. 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 report on Friday, April 26th. Barclays boosted their target price on Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Raymond James raised their price target on Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. JPMorgan Chase & Co. boosted their price objective on Alphabet from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, JMP Securities increased their target price on Alphabet from $160.00 to $200.00 and gave the stock a “market outperform” rating in a report on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.60.

Alphabet 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.