Alphabet Inc. $GOOGL Holdings Raised by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 5.5% in the fourth quarter, HoldingsChannel reports. The firm owned 47,354 shares of the information services provider’s stock after purchasing an additional 2,468 shares during the period. Alphabet accounts for 1.2% of Signal Advisors Wealth LLC’s holdings, making the stock its 18th biggest position. Signal Advisors Wealth LLC’s holdings in Alphabet were worth $14,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Alphabet in the second quarter worth about $21,944,208,000. Berkshire Hathaway Inc acquired a new stake in shares of Alphabet during the third quarter valued at approximately $4,338,397,000. Laurel Wealth Advisors LLC raised its holdings in shares of Alphabet by 17,667.7% during the second quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider’s stock valued at $2,686,640,000 after acquiring an additional 15,159,273 shares during the period. Capital World Investors lifted its position in shares of Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock valued at $12,910,542,000 after acquiring an additional 11,605,785 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Alphabet by 51.7% in the 2nd quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider’s stock valued at $5,607,232,000 after acquiring an additional 10,843,853 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 5.1%

Shares of NASDAQ:GOOGL opened at $287.56 on Wednesday. The firm has a fifty day moving average of $311.25 and a two-hundred day moving average of $295.96. The firm has a market capitalization of $3.48 trillion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $349.00. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $111.24 billion. On average, equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

GOOGL has been the topic of several research analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $400.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $370.00 target price on shares of Alphabet in a report on Thursday, February 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 target price on shares of Alphabet in a research report on Friday, March 27th. Wolfe Research lifted their price target on Alphabet from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Finally, Tigress Financial set a $415.00 price target on Alphabet and gave the company a “strong-buy” rating in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.06.

View Our Latest Stock Report on GOOGL

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the sale, the director directly owned 4,631 shares in the company, valued at $1,405,091.71. The trade was a 18.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total value of $9,877,400.00. Following the completion of the sale, the chief executive officer directly owned 2,818,524 shares of the company’s stock, valued at approximately $856,605,814.08. The trade was a 1.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,092,234 shares of company stock valued at $112,487,971. Corporate insiders own 11.55% of the company’s stock.

More Alphabet News

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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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