Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Waycross Partners LLC

Waycross Partners LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,456 shares of the information services provider’s stock after acquiring an additional 11,388 shares during the quarter. Alphabet makes up about 3.4% of Waycross Partners LLC’s holdings, making the stock its 7th largest holding. Waycross Partners LLC’s holdings in Alphabet were worth $18,363,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GOOGL. Meritage Group LP increased its holdings in shares of Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares during the last quarter. Macroview Investment Management LLC increased its holdings in shares of Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 199 shares during the last quarter. Armor Investment Advisors LLC increased its holdings in shares of Alphabet by 31.0% in the fourth 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. IAG Wealth Partners LLC increased its holdings in shares of Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 123 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Down 1.1 %

NASDAQ:GOOGL opened at $169.38 on Thursday. The firm has a market cap of $2.09 trillion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The stock has a fifty day moving average price of $151.40 and a 200 day moving average price of $142.83. Alphabet Inc. has a 12-month low of $107.19 and a 12-month high of $174.71. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last released 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. The firm had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period last year, the business posted $1.17 earnings per share. Sell-side analysts anticipate that Alphabet Inc. will post 7.57 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated 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 of the company’s stock, valued at approximately $380,389,234.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the sale, the chief accounting officer now owns 28,602 shares in the company, valued at approximately $3,903,886.98. The disclosure for this sale can be found here. Insiders sold 252,629 shares of company stock valued at $37,091,240 in the last ninety days. Insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GOOGL shares. Roth Mkm increased their price target on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a report on Friday, April 26th. Evercore ISI increased their price target on Alphabet from $160.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Citigroup increased their price target on Alphabet from $168.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 26th. Redburn Atlantic raised their target price on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, JMP Securities raised their target price on Alphabet from $160.00 to $200.00 and gave the stock a “market outperform” rating in a research note on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently 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.