Cahill Wealth Management LLC Purchases 101 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Cahill Wealth Management LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,652 shares of the information services provider’s stock after acquiring an additional 101 shares during the period. Cahill Wealth Management LLC’s holdings in Alphabet were worth $313,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GOOGL. Compass Planning Associates Inc purchased a new position in Alphabet during the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet during the fourth quarter valued at about $39,000. PayPay Securities Corp lifted its position 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 worth $46,000 after buying an additional 65 shares in the last quarter. Finally, Denver PWM LLC lifted its position in shares of Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after buying an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $161.90, for a total transaction of $32,380.00. Following the transaction, the director now owns 7,613 shares in the company, valued at approximately $1,232,544.70. This represents a 2.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction 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 sale, the chief accounting officer now owns 17,848 shares of the company’s stock, 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. Over the last three months, insiders have sold 115,663 shares of company stock valued at $20,286,447. 11.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research reports. Stifel Nicolaus lifted their price objective on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Citigroup decreased their price target on shares of Alphabet from $229.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Wolfe Research upped their target price on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Piper Sandler dropped their price target on Alphabet from $208.00 to $185.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Ten investment 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $204.72.

Alphabet Trading Down 1.7 %

Shares of NASDAQ GOOGL opened at $156.31 on Wednesday. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The business has a fifty day moving average price of $167.17 and a 200 day moving average price of $176.14. The stock has a market capitalization of $1.91 trillion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

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.