Boxwood Ventures Inc. Has $4.74 Million Stock Position in Alphabet Inc. $GOOGL

Boxwood Ventures Inc. boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,888 shares of the information services provider’s stock after acquiring an additional 2,343 shares during the period. Alphabet comprises about 6.1% of Boxwood Ventures Inc.’s investment portfolio, making the stock its 6th biggest holding. Boxwood Ventures Inc.’s holdings in Alphabet were worth $4,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. NBZ Investment Advisors LLC boosted its position in Alphabet by 85.7% during the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 90 shares during the period. Financial Gravity Companies Inc. bought a new stake in Alphabet in the second quarter valued at $31,000. CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of Alphabet by 36.4% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 67 shares during the period. Christopher J. Hasenberg Inc grew its position in shares of Alphabet by 77.6% during the second quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock worth $61,000 after acquiring an additional 152 shares during the last quarter. Finally, S&T Bank PA increased its holdings in shares of Alphabet by 40.2% in the 2nd quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock worth $61,000 after acquiring an additional 99 shares during the period. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 102 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $317.66, for a total value of $32,401.32. Following the transaction, the director owned 18,104 shares of the company’s stock, valued at approximately $5,750,916.64. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $319.50, for a total value of $10,383,750.00. Following the sale, the chief executive officer directly owned 2,272,119 shares of the company’s stock, valued at approximately $725,942,020.50. This represents a 1.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 226,128 shares of company stock valued at $61,326,372 in the last ninety days. Company insiders own 11.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GOOGL. The Goldman Sachs Group boosted their target price on shares of Alphabet from $288.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Barclays reiterated an “overweight” rating and set a $315.00 price objective (up from $250.00) on shares of Alphabet in a research report on Thursday, October 30th. President Capital raised their target price on Alphabet from $258.00 to $323.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Rosenblatt Securities boosted their price target on Alphabet from $224.00 to $279.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Jefferies Financial Group increased their price target on Alphabet from $285.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $312.65.

Alphabet Stock Up 1.1%

GOOGL opened at $321.27 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $3.88 trillion, a PE ratio of 31.68, a P/E/G ratio of 1.86 and a beta of 1.07. The stock’s fifty day moving average is $276.15 and its 200-day moving average is $224.51. Alphabet Inc. has a one year low of $140.53 and a one year high of $328.83.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. On average, equities analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s payout ratio is presently 8.28%.

Alphabet Company 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.