Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,703 shares of the information services provider’s stock after acquiring an additional 109 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Alphabet were worth $936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its stake in Alphabet by 5.6% in the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after acquiring an additional 12,070,681 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Alphabet by 4,894.1% in the fourth quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock valued at $7,606,670,000 after purchasing an additional 5,336,359 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Alphabet in the third quarter worth about $634,465,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Alphabet during the third quarter worth about $601,545,000. Finally, Lone Pine Capital LLC purchased a new stake in Alphabet in the third quarter valued at approximately $407,367,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GOOGL has been the subject of several research reports. Roth Mkm lifted their price objective on shares of Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada upped their price target on shares of Alphabet from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Friday. UBS Group lifted their price objective on Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Susquehanna upped their target price on Alphabet from $170.00 to $225.00 and gave the stock a “positive” rating in a research note on Monday. Finally, Raymond James lifted their price target on Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.44.

Alphabet Price Performance

Shares of GOOGL opened at $166.15 on Tuesday. The company has a market cap of $2.07 trillion, a P/E ratio of 25.48, a PEG ratio of 1.57 and a beta of 1.05. Alphabet Inc. has a fifty-two week low of $103.71 and a fifty-two week high of $174.71. The company has a quick ratio of 2.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average price is $148.36 and its 200 day moving average price is $141.62.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same quarter in the prior year, the company earned $1.17 earnings per share. On average, research analysts forecast that Alphabet Inc. will post 6.82 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, June 10th.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at $4,009,032.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 253,209 shares of company stock valued at $36,711,144. 0.88% of the stock is currently owned by corporate insiders.

About Alphabet

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.