Greenup Street Wealth Management LLC Has $7.09 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Greenup Street Wealth Management LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,730 shares of the information services provider’s stock after purchasing an additional 5,669 shares during the period. Alphabet accounts for approximately 2.0% of Greenup Street Wealth Management LLC’s holdings, making the stock its 13th biggest holding. Greenup Street Wealth Management LLC’s holdings in Alphabet were worth $7,087,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GOOGL. RWQ Financial Management Services Inc. raised its position in shares of Alphabet by 8.2% in the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock valued at $8,591,000 after acquiring an additional 4,664 shares during the period. Picton Mahoney Asset Management raised its holdings in Alphabet by 55.4% during the 4th quarter. Picton Mahoney Asset Management now owns 214,443 shares of the information services provider’s stock worth $29,956,000 after buying an additional 76,410 shares during the period. Robbins Farley raised its holdings in Alphabet by 0.8% during the 4th quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock worth $2,096,000 after buying an additional 118 shares during the period. Quantum Financial Advisors LLC raised its holdings in Alphabet by 8.0% during the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after buying an additional 564 shares during the period. Finally, Colton Groome Financial Advisors LLC grew its stake in shares of Alphabet by 3.8% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 2,700 shares of the information services provider’s stock worth $377,000 after acquiring an additional 100 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 1.6 %

Shares of NASDAQ GOOGL opened at $173.55 on Friday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $178.77. The firm has a market capitalization of $2.14 trillion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02. The firm has a fifty day simple moving average of $160.13 and a two-hundred day simple moving average of $146.39.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates 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 business earned $1.17 EPS. Equities analysts expect that Alphabet Inc. will post 7.61 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors 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 dividend yield of 0.46%.

Analysts Set New Price Targets

Several research firms recently weighed in on GOOGL. Stifel Nicolaus reissued a “buy” rating and issued a $196.00 target price on shares of Alphabet in a research note on Wednesday, May 15th. TD Cowen boosted their target price on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Loop Capital boosted their target price on shares of Alphabet from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. Jefferies Financial Group boosted their target price on shares of Alphabet from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, JMP Securities restated a “market outperform” rating and set a $200.00 target price on shares of Alphabet in a report on Wednesday, May 15th. 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 stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $190.60.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider John Kent Walker sold 12,084 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the sale, the insider now directly owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the sale, the chief accounting officer now directly owns 28,602 shares in the company, valued at $3,903,886.98. The disclosure for this sale can be found here. Insiders sold a total of 205,935 shares of company stock worth $31,178,987 in the last three months. 11.55% of the stock is owned by corporate insiders.

Alphabet Company 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.