Crestwood Advisors Group LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 772,948 shares of the information services provider's stock after acquiring an additional 12,775 shares during the period. Alphabet accounts for about 2.7% of Crestwood Advisors Group LLC's holdings, making the stock its 5th biggest position. Crestwood Advisors Group LLC's holdings in Alphabet were worth $146,319,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Bennett Selby Investments LP lifted its holdings in Alphabet by 4.0% during the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock valued at $256,000 after purchasing an additional 52 shares in the last quarter. Macroview Investment Management LLC raised its position in shares of Alphabet by 4.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock valued at $245,000 after buying an additional 52 shares during the last quarter. Conrad Siegel Investment Advisors Inc. raised its position in shares of Alphabet by 0.5% during the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock valued at $1,864,000 after buying an additional 53 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of Alphabet by 2.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock valued at $457,000 after buying an additional 53 shares during the last quarter. Finally, Denver PWM LLC raised its position in shares of Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
NASDAQ:GOOGL traded up $1.51 on Friday, hitting $173.86. 27,359,201 shares of the stock were exchanged, compared to its average volume of 29,604,490. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a fifty-two week low of $134.00 and a fifty-two week high of $207.05. The stock has a market cap of $2.12 trillion, a PE ratio of 21.60, a PEG ratio of 1.34 and a beta of 1.02. The stock has a fifty day moving average of $188.21 and a 200-day moving average of $176.47.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet's dividend payout ratio (DPR) is currently 9.94%.
In other Alphabet news, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the sale, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 1,374 shares of Alphabet stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the sale, the chief accounting officer now owns 15,024 shares in the company, valued at $2,606,213.28. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,316 shares of company stock worth $25,062,887. 11.55% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently issued reports on GOOGL shares. DA Davidson lifted their price objective on shares of Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. The Goldman Sachs Group reiterated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research report on Thursday, December 12th. Piper Sandler reduced their price objective on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Bank of America restated a "buy" rating and issued a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. Finally, Wedbush boosted their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Ten 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $210.62.
View Our Latest Report on 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.
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