Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management increased its position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 55.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 214,443 shares of the information services provider’s stock after acquiring an additional 76,410 shares during the quarter. Alphabet makes up about 0.8% of Picton Mahoney Asset Management’s portfolio, making the stock its 9th biggest holding. Picton Mahoney Asset Management’s holdings in Alphabet were worth $29,956,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth about $38,000. Meritage Group LP lifted its holdings in 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 buying an additional 276 shares in the last quarter. Macroview Investment Management LLC lifted its holdings in Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after buying an additional 199 shares in the last quarter. Armor Investment Advisors LLC boosted its position in 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 buying an additional 80 shares during the period. Finally, IAG Wealth Partners LLC increased its position in shares of Alphabet by 55.9% during the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after acquiring an additional 123 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $168.08, for a total transaction of $252,120.00. Following the completion of the transaction, the director now directly owns 4,391 shares in the company, valued at approximately $738,039.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $168.08, for a total value of $252,120.00. Following the completion of the sale, the director now owns 4,391 shares in the company, valued at $738,039.28. The disclosure for this sale can be found here. Insiders sold 254,011 shares of company stock valued at $37,337,245 in the last 90 days. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

GOOGL has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on Alphabet from $174.00 to $196.00 and gave the company a “buy” rating in a research report on Friday, April 26th. JMP Securities raised their price objective on shares of Alphabet from $160.00 to $200.00 and gave the company a “market outperform” rating in a report on Friday, April 26th. Argus lifted their price objective on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Wells Fargo & Company increased their target price on Alphabet from $141.00 to $168.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Finally, Citigroup upped their price objective on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.60.

Read Our Latest Research Report on GOOGL

Alphabet Stock Up 0.7 %

Shares of NASDAQ GOOGL opened at $170.34 on Wednesday. The stock has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 1.30 and a beta of 1.02. Alphabet Inc. has a 52 week low of $115.35 and a 52 week high of $174.71. The firm has a 50-day moving average price of $154.03 and a 200 day moving average price of $143.91. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly 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 company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period last year, the firm earned $1.17 EPS. Equities research analysts anticipate that Alphabet Inc. will post 7.57 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, June 10th.

Alphabet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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