Well Done LLC Grows Holdings in Alphabet Inc. $GOOGL

Well Done LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 93.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,546 shares of the information services provider’s stock after purchasing an additional 2,194 shares during the period. Well Done LLC’s holdings in Alphabet were worth $1,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. PMV Capital Advisers LLC acquired a new position in Alphabet during the 4th quarter worth about $38,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Alphabet during the third quarter worth about $53,000. iSAM Funds UK Ltd acquired a new stake in shares of Alphabet during the third quarter worth about $53,000. Corsicana & Co. purchased a new position in shares of Alphabet in the third quarter valued at approximately $54,000. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in shares of Alphabet by 37.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 112 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the sale, the director directly owned 18,418 shares of the company’s stock, valued at approximately $5,580,469.82. The trade was a 0.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 955 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares in the company, valued at $2,955,564. This represents a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,092,234 shares of company stock valued at $112,487,971. 11.55% of the stock is owned by insiders.

Alphabet Stock Performance

Shares of GOOGL opened at $287.56 on Wednesday. The company has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average price of $311.25 and a 200 day moving average price of $295.96.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.25. The business had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is presently 7.77%.

Analyst Upgrades and Downgrades

Several brokerages have commented on GOOGL. Robert W. Baird raised their price target on shares of Alphabet from $375.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $375.00 target price (up from $330.00) on shares of Alphabet in a report on Tuesday, January 13th. Citizens Jmp restated a “market outperform” rating and set a $385.00 price target on shares of Alphabet in a report on Thursday, February 5th. Moffett Nathanson lifted their price objective on Alphabet from $305.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, Sanford C. Bernstein upped their target price on shares of Alphabet from $305.00 to $335.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd. Three analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.06.

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Alphabet Company Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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