Alphabet Inc. (NASDAQ:GOOGL) Stock Position Raised by Van Leeuwen & Company LLC

Van Leeuwen & Company LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,061 shares of the information services provider’s stock after acquiring an additional 175 shares during the period. Alphabet comprises about 1.2% of Van Leeuwen & Company LLC’s investment portfolio, making the stock its 26th biggest holding. Van Leeuwen & Company LLC’s holdings in Alphabet were worth $2,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. RWQ Financial Management Services Inc. grew its position in Alphabet by 8.2% in the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock worth $8,591,000 after purchasing an additional 4,664 shares during the last quarter. Picton Mahoney Asset Management grew its holdings in Alphabet by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 214,443 shares of the information services provider’s stock worth $29,956,000 after buying an additional 76,410 shares in the last quarter. Robbins Farley increased its position in Alphabet by 0.8% in the 4th quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock valued at $2,096,000 after acquiring an additional 118 shares during the period. Quantum Financial Advisors LLC raised its stake in Alphabet by 8.0% during the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock valued at $998,000 after acquiring an additional 564 shares in the last quarter. Finally, Colton Groome Financial Advisors LLC boosted its position in Alphabet by 3.8% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 2,700 shares of the information services provider’s stock worth $377,000 after acquiring an additional 100 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Up 1.3 %

NASDAQ GOOGL opened at $172.51 on Thursday. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $174.71. The stock has a market cap of $2.13 trillion, a PE ratio of 26.46, a PEG ratio of 1.30 and a beta of 1.02. The firm has a 50-day simple moving average of $155.61 and a 200 day simple moving average of $144.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same quarter last year, the firm earned $1.17 EPS. On average, research analysts forecast that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, June 10th.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the transaction, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $173.22, for a total transaction of $3,897,450.00. Following the transaction, the chief executive officer now directly owns 2,258,011 shares of the company’s stock, valued at $391,132,665.42. The disclosure for this sale can be found here. In the last three months, insiders sold 276,511 shares of company stock valued at $41,234,695. Company insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GOOGL shares. JPMorgan Chase & Co. lifted their price objective on shares of Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Wells Fargo & Company boosted their price target on shares of Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Loop Capital increased their price objective on shares of Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. Jefferies Financial Group boosted their target price on Alphabet from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $195.00 price target on shares of Alphabet in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $190.60.

View Our Latest Stock Analysis on GOOGL

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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