Personal CFO Solutions LLC Has $8.23 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Personal CFO Solutions LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,906 shares of the information services provider’s stock after purchasing an additional 2,592 shares during the quarter. Alphabet makes up 1.4% of Personal CFO Solutions LLC’s holdings, making the stock its 11th biggest position. Personal CFO Solutions LLC’s holdings in Alphabet were worth $8,229,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. WealthPlan Investment Management LLC raised its position in shares of Alphabet by 17.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 13,891 shares of the information services provider’s stock valued at $1,818,000 after buying an additional 2,017 shares in the last quarter. Greenwich Wealth Management LLC lifted its stake in Alphabet by 7.0% during the third quarter. Greenwich Wealth Management LLC now owns 6,594 shares of the information services provider’s stock worth $863,000 after purchasing an additional 433 shares during the last quarter. Jensen Investment Management Inc. boosted its holdings in shares of Alphabet by 2.7% in the 3rd quarter. Jensen Investment Management Inc. now owns 6,431,788 shares of the information services provider’s stock valued at $841,664,000 after purchasing an additional 166,590 shares in the last quarter. Addison Advisors LLC increased its stake in shares of Alphabet by 5.7% in the 3rd quarter. Addison Advisors LLC now owns 6,063 shares of the information services provider’s stock valued at $793,000 after purchasing an additional 329 shares during the last quarter. Finally, Executive Wealth Management LLC raised its stake in Alphabet by 4.3% during the third quarter. Executive Wealth Management LLC now owns 39,894 shares of the information services provider’s stock worth $5,221,000 after acquiring an additional 1,663 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the sale, the chief executive officer now owns 2,310,191 shares of the company’s stock, valued at approximately $343,710,216.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total value of $3,347,550.00. Following the completion of the transaction, the chief executive officer now owns 2,310,191 shares of the company’s stock, valued at $343,710,216.98. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total transaction of $41,853.00. Following the transaction, the director now directly owns 9,291 shares of the company’s stock, valued at $1,296,187.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,758 shares of company stock worth $25,580,826. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Stock Down 1.3 %

NASDAQ GOOGL opened at $174.46 on Monday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.16 trillion, a PE ratio of 26.76, a P/E/G ratio of 1.31 and a beta of 1.01. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $178.77. The stock’s 50 day moving average is $165.81 and its 200 day moving average is $149.72.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share 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 company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same quarter in the prior year, the firm posted $1.17 EPS. Research analysts predict that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Announces Dividend

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 paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Sanford C. Bernstein upped their price target on shares of Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Argus lifted their price target on shares of Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Royal Bank of Canada lifted their price target on shares of Alphabet from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Mizuho increased their target price on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Susquehanna raised their target price on Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a research report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $191.57.

Get Our Latest Analysis on Alphabet

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.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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