Alphabet Inc. $GOOGL Shares Purchased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 9.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,673 shares of the information services provider’s stock after acquiring an additional 3,321 shares during the quarter. Alphabet makes up 1.4% of 180 Wealth Advisors LLC’s holdings, making the stock its 11th largest holding. 180 Wealth Advisors LLC’s holdings in Alphabet were worth $12,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PMV Capital Advisers LLC acquired a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Financial Gravity Companies Inc. bought a new stake in Alphabet in the second quarter worth $31,000. iSAM Funds UK Ltd acquired a new position in Alphabet during the third quarter worth $53,000. Pilgrim Partners Asia Pte Ltd bought a new position in Alphabet during the third quarter valued at about $53,000. Finally, Corsicana & Co. bought a new position in Alphabet during the third quarter valued at about $54,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

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Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $303.41, for a total value of $318,580.50. Following the sale, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. This represents a 18.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 112 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total value of $33,934.88. Following the sale, the director directly owned 18,418 shares of the company’s stock, valued at $5,580,469.82. This represents a 0.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,110,165 shares of company stock valued at $118,134,117 in the last quarter. 11.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Royal Bank Of Canada lifted their price objective on Alphabet from $375.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Citigroup lifted their price target on shares of Alphabet from $350.00 to $390.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Citizens Jmp reissued a “market outperform” rating and issued a $385.00 price target on shares of Alphabet in a report on Thursday, February 5th. The Goldman Sachs Group restated a “buy” rating and issued a $375.00 price objective (up from $330.00) on shares of Alphabet in a research note on Tuesday, January 13th. Finally, HSBC upped their target price on shares of Alphabet from $335.00 to $370.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $367.18.

Get Our Latest Stock Analysis on Alphabet

Alphabet Stock Down 3.5%

Shares of NASDAQ GOOGL opened at $280.86 on Friday. The firm’s 50-day moving average is $314.18 and its 200-day moving average is $294.34. The firm has a market capitalization of $3.40 trillion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. Equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 7.77%.

Alphabet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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