4,024 Shares in Alphabet Inc. $GOOGL Acquired by CWC Advisors LLC.

CWC Advisors LLC. bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,024 shares of the information services provider’s stock, valued at approximately $978,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after purchasing an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after buying an additional 506 shares during the last quarter. United Bank boosted its position in shares of Alphabet by 2.1% in the 1st quarter. United Bank now owns 45,084 shares of the information services provider’s stock worth $6,972,000 after purchasing an additional 910 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of Alphabet by 32.2% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 1,932,813 shares of the information services provider’s stock worth $298,890,000 after buying an additional 470,367 shares during the period. Finally, Full Sail Capital LLC increased its stake in Alphabet by 3.3% in the first quarter. Full Sail Capital LLC now owns 11,974 shares of the information services provider’s stock valued at $1,852,000 after purchasing an additional 377 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total transaction of $694,638.90. Following the completion of the sale, the chief accounting officer directly owned 14,516 shares in the company, valued at $3,629,725.80. This represents a 16.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the sale, the insider directly owned 42,985 shares of the company’s stock, valued at $10,635,348.70. The trade was a 29.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 226,128 shares of company stock worth $63,183,331 in the last ninety days. 11.64% of the stock is currently owned by insiders.

Alphabet Stock Performance

Shares of GOOGL stock opened at $314.06 on Friday. The firm has a 50 day moving average of $294.39 and a 200-day moving average of $237.80. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $328.83. The company has a market cap of $3.79 trillion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 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 during the quarter, compared to analyst estimates of $99.90 billion. On average, equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s payout ratio is currently 8.28%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GOOGL. Sanford C. Bernstein upped their price target on shares of Alphabet from $260.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday, October 30th. Melius Research boosted their price objective on shares of Alphabet from $220.00 to $255.00 in a research note on Thursday, September 25th. Moffett Nathanson upped their price objective on shares of Alphabet from $305.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday, November 25th. Evercore ISI upped their target price on Alphabet from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, New Street Research lifted their price objective on shares of Alphabet from $275.00 to $295.00 in a research note on Friday, October 24th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $315.90.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.