CVA Family Office LLC Has $11.24 Million Holdings in Alphabet Inc. $GOOGL

CVA Family Office LLC increased its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,919 shares of the information services provider’s stock after acquiring an additional 3,082 shares during the quarter. Alphabet comprises about 1.3% of CVA Family Office LLC’s investment portfolio, making the stock its 22nd biggest position. CVA Family Office LLC’s holdings in Alphabet were worth $11,243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. PMV Capital Advisers LLC bought a new position in shares of Alphabet in the fourth quarter worth about $38,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Alphabet during the 3rd quarter valued at approximately $53,000. iSAM Funds UK Ltd acquired a new stake in Alphabet in the 3rd quarter valued at approximately $53,000. Corsicana & Co. acquired a new stake in Alphabet in the 3rd quarter valued at approximately $54,000. Finally, Vermillion & White Wealth Management Group LLC increased its position in Alphabet by 37.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after buying an additional 89 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

Insider Activity

In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the sale, the chief executive officer directly owned 2,818,524 shares in the company, valued at $856,605,814.08. This represents a 1.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,092,336 shares of company stock worth $112,519,943 over the last ninety days. Corporate insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Alphabet from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. UBS Group set a $348.00 price objective on shares of Alphabet and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Pivotal Research boosted their target price on shares of Alphabet from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. New Street Research upped their target price on shares of Alphabet from $330.00 to $380.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, Rosenblatt Securities increased their price target on shares of Alphabet from $279.00 to $357.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $368.06.

Read Our Latest Analysis on Alphabet

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $273.50 on Tuesday. The business’s fifty day moving average price is $311.94 and its two-hundred day moving average price is $295.63. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $349.00. The stock has a market capitalization of $3.31 trillion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01.

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

Alphabet Dividend Announcement

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

Alphabet Company 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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