Pillar Wealth Advisors LLC Has $1.85 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Pillar Wealth Advisors LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,215 shares of the information services provider’s stock after selling 365 shares during the quarter. Alphabet comprises about 1.4% of Pillar Wealth Advisors LLC’s investment portfolio, making the stock its 17th largest position. Pillar Wealth Advisors LLC’s holdings in Alphabet were worth $1,846,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GOOGL. FMR LLC grew its holdings in Alphabet by 5.6% during the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after acquiring an additional 12,070,681 shares during the period. International Assets Investment Management LLC grew its stake in shares of Alphabet by 4,894.1% during the fourth quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock worth $7,606,670,000 after purchasing an additional 5,336,359 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Alphabet during the third quarter worth $634,465,000. Ontario Teachers Pension Plan Board acquired a new position in Alphabet in the third quarter valued at about $601,545,000. Finally, Lone Pine Capital LLC bought a new position in Alphabet during the third quarter worth about $407,367,000. Institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total value of $3,753,000.00. Following the completion of the transaction, the chief executive officer now owns 2,280,511 shares of the company’s stock, valued at $380,389,234.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total value of $3,753,000.00. Following the transaction, the chief executive officer now directly owns 2,280,511 shares of the company’s stock, valued at approximately $380,389,234.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the sale, the chief accounting officer now 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 three months, insiders have sold 252,629 shares of company stock valued at $37,091,240. 0.88% of the stock is owned by corporate insiders.

Alphabet Trading Down 1.1 %

GOOGL stock opened at $169.38 on Thursday. Alphabet Inc. has a 52 week low of $107.19 and a 52 week high of $174.71. The company has a market capitalization of $2.09 trillion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The company’s 50-day simple moving average is $151.40 and its 200 day simple moving average is $142.83. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping 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 net margin of 25.90% and a return on equity of 29.52%. During the same period last year, the firm earned $1.17 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 7.57 earnings per share for the current year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

GOOGL has been the subject of a number of recent analyst reports. KeyCorp upped their price target on Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. UBS Group increased their target price on shares of Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Susquehanna boosted their price target on shares of Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a report on Monday, April 29th. Redburn Atlantic raised their price objective on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus boosted their target price on Alphabet from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus 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.