Tanager Wealth Management LLP Has $3.02 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Tanager Wealth Management LLP decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,590 shares of the information services provider’s stock after selling 1,454 shares during the period. Alphabet comprises 0.5% of Tanager Wealth Management LLP’s holdings, making the stock its 28th largest holding. Tanager Wealth Management LLP’s holdings in Alphabet were worth $3,016,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Aire Advisors LLC lifted its stake in Alphabet by 0.6% in the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock worth $1,645,000 after purchasing an additional 68 shares in the last quarter. Defined Wealth Management LLC lifted its stake in Alphabet by 2.9% in the 4th quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after purchasing an additional 71 shares in the last quarter. WealthCare Investment Partners LLC lifted its stake in Alphabet by 2.1% in the 4th quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock worth $482,000 after purchasing an additional 71 shares in the last quarter. Peoples Financial Services CORP. lifted its stake in Alphabet by 0.4% in the 4th quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock worth $2,331,000 after purchasing an additional 72 shares in the last quarter. Finally, RAM Investment Partners LLC raised its position in shares of Alphabet by 1.0% during the 4th quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock valued at $1,055,000 after buying an additional 73 shares during the period. 40.03% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 230 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Frances Arnold sold 230 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 300 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total transaction of $41,853.00. Following the completion of the sale, the director now owns 9,291 shares of the company’s stock, valued at approximately $1,296,187.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 253,439 shares of company stock worth $36,746,578. Company insiders own 0.88% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $171.95 on Friday. The firm has a market capitalization of $2.14 trillion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. The business’s fifty day moving average price is $147.85 and its 200 day moving average price is $141.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. Alphabet Inc. has a 12 month low of $103.54 and a 12 month high of $174.71.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 6.79 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Analysts Set New Price Targets

Several analysts have recently commented on GOOGL shares. UBS Group lifted their price target on shares of Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Jefferies Financial Group lifted their price target on shares of Alphabet from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday. Needham & Company LLC lifted their price target on shares of Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a research report on Friday. Evercore ISI lifted their price target on shares of Alphabet from $160.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday. Finally, BMO Capital Markets lifted their price target on shares of Alphabet from $185.00 to $215.00 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.82.

Alphabet 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.