Alphabet Inc. $GOOGL Shares Acquired by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC increased its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 12.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,348 shares of the information services provider’s stock after acquiring an additional 4,952 shares during the period. Alphabet makes up about 1.2% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its 25th largest position. Stonebridge Financial Group LLC’s holdings in Alphabet were worth $13,881,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Members Trust Co lifted its holdings in shares of Alphabet by 0.5% in the fourth quarter. Members Trust Co now owns 6,434 shares of the information services provider’s stock valued at $2,014,000 after buying an additional 31 shares during the period. Lifelong Wealth Advisors Inc. lifted its holdings in shares of Alphabet by 1.9% in the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider’s stock valued at $541,000 after buying an additional 33 shares during the period. White Wing Wealth Management lifted its holdings in shares of Alphabet by 2.9% in the fourth quarter. White Wing Wealth Management now owns 1,155 shares of the information services provider’s stock valued at $362,000 after buying an additional 33 shares during the period. Quantum Financial Advisors LLC lifted its holdings in shares of Alphabet by 0.3% in the fourth quarter. Quantum Financial Advisors LLC now owns 11,799 shares of the information services provider’s stock valued at $3,693,000 after buying an additional 34 shares during the period. Finally, MRA Advisory Group lifted its holdings in shares of Alphabet by 2.7% in the fourth quarter. MRA Advisory Group now owns 1,310 shares of the information services provider’s stock valued at $410,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Up 1.3%

Shares of Alphabet stock opened at $337.12 on Thursday. The stock has a 50-day moving average price of $306.35 and a 200 day moving average price of $300.43. The company has a market cap of $4.08 trillion, a P/E ratio of 31.19, a P/E/G ratio of 2.05 and a beta of 1.12. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a 1 year low of $146.10 and a 1 year high of $349.00.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.25. The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. As a group, analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s dividend payout ratio is currently 7.77%.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the sale, the chief executive officer directly owned 1,642,060 shares of the company’s stock, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frances Arnold sold 112 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the sale, the director directly owned 18,418 shares of the company’s stock, valued at approximately $5,580,469.82. This represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,068,744 shares of company stock worth $104,505,914. 11.64% of the stock is currently owned by company insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Analysts Set New Price Targets

Several equities research analysts have recently commented on GOOGL shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $400.00 target price on shares of Alphabet in a report on Thursday, February 5th. Piper Sandler reaffirmed an “overweight” rating and set a $395.00 target price (up from $365.00) on shares of Alphabet in a report on Thursday, February 5th. Mizuho upped their target price on Alphabet from $410.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, April 10th. Barclays reaffirmed an “overweight” rating and set a $360.00 target price (up from $315.00) on shares of Alphabet in a report on Thursday, February 5th. Finally, Arete Research upped their target price on Alphabet from $380.00 to $405.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $367.62.

View Our Latest Stock Analysis on Alphabet

Alphabet 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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