Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Lifted by W.G. Shaheen & Associates DBA Whitney & Co

W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 104,470 shares of the information services provider’s stock after buying an additional 901 shares during the quarter. Alphabet makes up 1.7% of W.G. Shaheen & Associates DBA Whitney & Co’s portfolio, making the stock its 19th biggest position. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Alphabet were worth $16,155,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Norges Bank bought a new stake in Alphabet in the 4th quarter valued at about $24,383,677,000. FMR LLC lifted its position in Alphabet by 9.8% in the 4th quarter. FMR LLC now owns 248,416,916 shares of the information services provider’s stock valued at $47,025,322,000 after purchasing an additional 22,100,902 shares during the last quarter. GAMMA Investing LLC lifted its position in Alphabet by 16,993.2% in the 1st quarter. GAMMA Investing LLC now owns 16,062,457 shares of the information services provider’s stock valued at $2,483,898,000 after purchasing an additional 15,968,487 shares during the last quarter. Northern Trust Corp lifted its position in Alphabet by 17.0% in the 4th quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider’s stock valued at $13,178,470,000 after purchasing an additional 10,135,430 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in Alphabet by 16.2% in the 4th quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider’s stock valued at $13,635,878,000 after purchasing an additional 10,037,685 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

GOOGL stock opened at $196.53 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market cap of $2.38 trillion, a P/E ratio of 20.93, a P/E/G ratio of 1.30 and a beta of 1.00. The firm has a 50 day simple moving average of $177.49 and a 200 day simple moving average of $173.11. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.95%.

Analysts Set New Price Targets

GOOGL has been the topic of several recent research reports. BMO Capital Markets lifted their price objective on shares of Alphabet from $208.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Morgan Stanley lifted their price objective on shares of Alphabet from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Cantor Fitzgerald boosted their price target on shares of Alphabet from $196.00 to $201.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Royal Bank Of Canada boosted their price target on shares of Alphabet from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Truist Financial restated a “buy” rating and set a $200.00 price target on shares of Alphabet in a research report on Wednesday, July 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $211.39.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total value of $5,992,350.00. Following the completion of the sale, the chief executive officer directly owned 2,527,392 shares in the company, valued at $466,000,536.96. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 400 shares of Alphabet stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $181.98, for a total transaction of $72,792.00. Following the completion of the sale, the director owned 6,013 shares of the company’s stock, valued at $1,094,245.74. This trade represents a 6.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 249,298 shares of company stock worth $43,505,967 over the last ninety days. 11.64% of the stock is currently owned by 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.