Alphabet Inc. (NASDAQ:GOOGL) is Calamos Wealth Management LLC’s 6th Largest Position

Calamos Wealth Management LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 348,022 shares of the information services provider’s stock after purchasing an additional 1,355 shares during the period. Alphabet comprises approximately 3.1% of Calamos Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Calamos Wealth Management LLC’s holdings in Alphabet were worth $48,615,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. RWQ Financial Management Services Inc. increased its stake in shares of Alphabet by 8.2% during the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock worth $8,591,000 after purchasing an additional 4,664 shares in the last quarter. Ballast Advisors LLC grew its stake in Alphabet by 9.6% in the 3rd quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock worth $2,061,000 after acquiring an additional 1,385 shares during the period. Quantum Financial Advisors LLC grew its stake in Alphabet by 8.0% in the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after acquiring an additional 564 shares during the period. Colton Groome Financial Advisors LLC grew its stake in Alphabet by 3.8% in 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 during the period. Finally, Acadian Asset Management LLC grew its stake in Alphabet by 2.4% in the 3rd quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock worth $577,908,000 after acquiring an additional 104,366 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several recent analyst reports. Oppenheimer lifted their target price on shares of Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday. Robert W. Baird lifted their target price on shares of Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday. Canaccord Genuity Group lifted their target price on shares of Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday. Barclays lifted their target price on shares of Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Roth Mkm lifted their price target on shares of Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $187.82.

Alphabet Stock Up 10.2 %

GOOGL stock opened at $171.95 on Monday. Alphabet Inc. has a 12 month low of $103.54 and a 12 month high of $174.71. The firm has a market cap of $2.14 trillion, a PE ratio of 26.37, a P/E/G ratio of 1.58 and a beta of 1.05. The firm has a 50 day simple moving average of $147.85 and a 200 day simple moving average of $141.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. The business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. During the same period in the prior year, the business earned $1.05 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 6.82 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the sale, the chief executive officer now owns 2,377,691 shares in the company, valued at $347,832,416.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the transaction, the chief financial officer now owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the completion of the transaction, the chief executive officer now owns 2,377,691 shares in the company, valued at approximately $347,832,416.39. The disclosure for this sale can be found here. Insiders have sold 253,439 shares of company stock worth $36,746,578 over the last 90 days. 0.88% of the stock is owned by company insiders.

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.