Alphabet Inc. (NASDAQ:GOOGL) Stake Raised by IronBridge Private Wealth LLC

IronBridge Private Wealth LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,649 shares of the information services provider’s stock after purchasing an additional 928 shares during the period. Alphabet makes up 1.3% of IronBridge Private Wealth LLC’s portfolio, making the stock its 24th biggest holding. IronBridge Private Wealth LLC’s holdings in Alphabet were worth $3,530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Compass Planning Associates Inc acquired a new position in shares of Alphabet in the fourth quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. acquired a new stake in Alphabet during the 4th quarter valued at $39,000. PayPay Securities Corp lifted its holdings in shares of Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. Finally, Denver PWM LLC grew its holdings in shares of Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after buying an additional 57 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. This represents a 1.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock worth $25,361,647 in the last quarter. 11.55% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $147.67 on Tuesday. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $164.42 and a 200 day simple moving average of $175.78. The firm has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Sell-side analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Analyst Ratings Changes

A number of equities research analysts have commented on GOOGL shares. Wells Fargo & Company decreased their price objective on Alphabet from $184.00 to $167.00 and set an “equal weight” rating for the company in a research report on Monday, March 31st. Westpark Capital upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, April 1st. UBS Group set a $190.00 target price on shares of Alphabet in a research note on Thursday, March 27th. KeyCorp cut their price objective on Alphabet from $220.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. Finally, Jefferies Financial Group dropped their target price on Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $200.74.

Get Our Latest Analysis on GOOGL

Alphabet 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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