Dunhill Financial LLC Has $2.41 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Dunhill Financial LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 17.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,654 shares of the information services provider’s stock after acquiring an additional 1,838 shares during the quarter. Alphabet comprises about 1.1% of Dunhill Financial LLC’s investment portfolio, making the stock its 17th largest position. Dunhill Financial LLC’s holdings in Alphabet were worth $2,410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Principal Financial Group Inc. boosted its holdings in Alphabet by 2.5% during the third quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock worth $1,843,149,000 after buying an additional 264,962 shares during the last quarter. Fortem Financial Group LLC boosted its stake in Alphabet by 6.8% during the 4th quarter. Fortem Financial Group LLC now owns 1,633 shares of the information services provider’s stock worth $311,000 after acquiring an additional 104 shares during the last quarter. Diversified Trust Co grew its holdings in Alphabet by 2.6% during the fourth quarter. Diversified Trust Co now owns 116,457 shares of the information services provider’s stock valued at $22,178,000 after purchasing an additional 2,959 shares during the period. Regent Peak Wealth Advisors LLC increased its stake in Alphabet by 0.6% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 17,606 shares of the information services provider’s stock valued at $3,353,000 after purchasing an additional 108 shares in the last quarter. Finally, Spartan Planning & Wealth Management acquired a new stake in Alphabet in the fourth quarter worth $1,683,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 0.5 %

GOOG stock opened at $165.20 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The business’s fifty day moving average price is $161.97 and its two-hundred day moving average price is $177.17. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the prior year, the business posted $1.89 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a $0.21 dividend. The ex-dividend date is Monday, June 9th. This is a boost from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.51%. Alphabet’s payout ratio is currently 9.36%.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several research analyst reports. Citigroup reissued a “sell” rating on shares of Alphabet in a report on Wednesday, April 23rd. Westpark Capital restated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Friday, April 25th. UBS Group cut their price objective on Alphabet from $209.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Rosenblatt Securities raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $171.00 price target on shares of Alphabet in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $203.94.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total value of $5,075,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,685,196 shares in the company, valued at approximately $419,320,207.36. The trade was a 1.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the transaction, the director now directly owns 272,466 shares in the company, valued at $50,376,238.74. This trade represents a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 146,824 shares of company stock worth $25,086,603. 12.99% of the stock is currently owned by company insiders.

Alphabet Company Profile

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.