Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Raised by Seaview Investment Managers LLC

Seaview Investment Managers LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 21.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,256 shares of the information services provider’s stock after acquiring an additional 11,644 shares during the quarter. Alphabet accounts for 3.5% of Seaview Investment Managers LLC’s portfolio, making the stock its 6th biggest holding. Seaview Investment Managers LLC’s holdings in Alphabet were worth $12,542,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Alphabet by 3.1% in the third quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock worth $1,871,384,000 after purchasing an additional 337,031 shares in the last quarter. Passumpsic Savings Bank lifted its holdings in shares of Alphabet by 38.0% in the 3rd quarter. Passumpsic Savings Bank now owns 4,700 shares of the information services provider’s stock worth $779,000 after buying an additional 1,294 shares during the period. SOA Wealth Advisors LLC. grew its position in shares of Alphabet by 0.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 37,379 shares of the information services provider’s stock worth $6,199,000 after buying an additional 202 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in shares of Alphabet by 6.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,306 shares of the information services provider’s stock valued at $382,000 after buying an additional 130 shares during the period. Finally, Te Ahumairangi Investment Management Ltd raised its holdings in shares of Alphabet by 19.2% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 137,669 shares of the information services provider’s stock valued at $22,703,000 after acquiring an additional 22,169 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several recent research reports. DA Davidson reduced their price target on shares of Alphabet from $200.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, April 14th. KeyCorp reduced their price objective on shares of Alphabet from $220.00 to $202.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $205.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Westpark Capital raised Alphabet to a “strong-buy” rating in a research report on Tuesday, April 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $178.00 target price on shares of Alphabet in a research note on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.74.

Alphabet Stock Performance

NASDAQ GOOGL opened at $147.67 on Tuesday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The firm has a market capitalization of $1.80 trillion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The stock’s fifty day moving average is $164.42 and its two-hundred day moving average is $175.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the company’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 transaction, the chief executive officer now directly owns 2,685,196 shares in the company, valued at approximately $419,320,207.36. This represents a 1.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 148,163 shares of company stock valued at $25,361,647 over the last quarter. 11.55% of the stock is owned by insiders.

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.