5,282 Shares in Alphabet Inc. $GOOGL Bought by Aventura Private Wealth LLC

Aventura Private Wealth LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 5,282 shares of the information services provider’s stock, valued at approximately $1,653,000.

Other hedge funds have also added to or reduced their stakes in the company. Financial Gravity Companies Inc. bought a new stake in shares of Alphabet during the 2nd quarter valued at about $31,000. Pilgrim Partners Asia Pte Ltd bought a new position in Alphabet in the third quarter worth about $53,000. iSAM Funds UK Ltd purchased a new stake in Alphabet in the third quarter worth about $53,000. Corsicana & Co. purchased a new stake in Alphabet in the third quarter worth about $54,000. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in shares of Alphabet by 37.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after acquiring an additional 89 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 a number of research analyst reports. Jefferies Financial Group raised their target price on Alphabet from $365.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Guggenheim reaffirmed a “buy” rating and issued a $375.00 price target (up from $330.00) on shares of Alphabet in a research note on Monday, December 1st. Roth Mkm raised their price objective on Alphabet from $365.00 to $395.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Mizuho boosted their target price on shares of Alphabet from $400.00 to $410.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, Argus upped their target price on shares of Alphabet from $365.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $367.18.

View Our Latest Report on GOOGL

Trending Headlines about Alphabet

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Insiders Place Their Bets

In related news, insider John Kent Walker sold 47,574 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the sale, the insider directly owned 13,227 shares of the company’s stock, valued at $3,987,279.15. This trade represents a 78.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,110,165 shares of company stock valued at $118,134,117. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $302.00 on Tuesday. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $349.00. The company has a market capitalization of $3.65 trillion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The firm has a 50 day moving average of $317.03 and a 200 day moving average of $294.07. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

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

Alphabet Dividend Announcement

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

About Alphabet

(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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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