Alphabet Inc. (NASDAQ:GOOGL) Position Trimmed by Ewa LLC

Ewa LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 14.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,493 shares of the information services provider’s stock after selling 406 shares during the quarter. Ewa LLC’s holdings in Alphabet were worth $355,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Skylands Capital LLC lifted its holdings in shares of Alphabet by 18.5% in the 4th quarter. Skylands Capital LLC now owns 166,825 shares of the information services provider’s stock worth $23,304,000 after purchasing an additional 26,025 shares during the last quarter. Naviter Wealth LLC lifted its stake in Alphabet by 14.1% in the fourth quarter. Naviter Wealth LLC now owns 5,069 shares of the information services provider’s stock valued at $708,000 after buying an additional 627 shares during the last quarter. Investment House LLC boosted its holdings in shares of Alphabet by 1.4% during the fourth quarter. Investment House LLC now owns 338,991 shares of the information services provider’s stock valued at $47,354,000 after acquiring an additional 4,582 shares during the period. Bluesphere Advisors LLC grew its position in shares of Alphabet by 6.1% during the fourth quarter. Bluesphere Advisors LLC now owns 35,396 shares of the information services provider’s stock worth $4,944,000 after acquiring an additional 2,041 shares during the last quarter. Finally, Birchcreek Wealth Management LLC increased its holdings in shares of Alphabet by 11.5% in the 4th quarter. Birchcreek Wealth Management LLC now owns 8,730 shares of the information services provider’s stock worth $1,219,000 after acquiring an additional 899 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In related news, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares in the company, valued at $22,566,519.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the transaction, the senior vice president now owns 144,685 shares in the company, valued at $22,566,519.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the transaction, the chief accounting officer now directly owns 28,602 shares in the company, valued at approximately $3,903,886.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 252,629 shares of company stock worth $37,091,240. 0.88% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of GOOGL stock opened at $171.25 on Wednesday. The company has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 1.28 and a beta of 1.02. Alphabet Inc. has a 1-year low of $105.16 and a 1-year high of $174.71. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock’s fifty day simple moving average is $151.40 and its 200-day simple moving average is $142.83.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same quarter in the previous year, the business posted $1.17 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 7.57 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.47%.

Analyst Ratings Changes

GOOGL has been the subject of a number of analyst reports. Wolfe Research boosted their target price on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Barclays increased their price objective on Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Loop Capital lifted their target price on Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. Redburn Atlantic increased their price target on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Mizuho lifted their price objective on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $190.60.

About Alphabet

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.