CVA Family Office LLC Has $11.24 Million Stock Holdings in Alphabet Inc. $GOOGL

CVA Family Office LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,919 shares of the information services provider’s stock after buying an additional 3,082 shares during the quarter. Alphabet comprises 1.3% of CVA Family Office LLC’s portfolio, making the stock its 22nd biggest holding. CVA Family Office LLC’s holdings in Alphabet were worth $11,243,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GOOGL. State Street Corp raised its stake in shares of Alphabet by 1.8% in the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after acquiring an additional 4,008,374 shares during the last quarter. Norges Bank acquired a new position in shares of Alphabet during the second quarter worth approximately $21,944,208,000. Capital World Investors grew its stake in shares of Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock valued at $12,910,542,000 after purchasing an additional 11,605,785 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Alphabet by 15.7% during the third quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider’s stock valued at $12,333,076,000 after purchasing an additional 6,874,381 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Alphabet by 2.3% in the third quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider’s stock valued at $10,984,744,000 after purchasing an additional 1,034,292 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Down 0.3%

Alphabet stock opened at $273.50 on Tuesday. The firm has a market capitalization of $3.31 trillion, a price-to-earnings ratio of 25.30, a PEG ratio of 1.61 and a beta of 1.10. The company’s 50 day simple moving average is $311.94 and its 200 day simple moving average is $295.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $349.00.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.57 by $0.25. The firm 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%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued a $0.21 dividend. 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 payout ratio is 7.77%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GOOGL shares. Mizuho boosted their price objective on shares of Alphabet from $400.00 to $410.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Guggenheim reissued a “buy” rating and issued a $375.00 target price (up from $330.00) on shares of Alphabet in a research note on Monday, December 1st. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, January 21st. Citigroup upped their price target on Alphabet from $350.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $370.00 price target on shares of Alphabet in a report on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $368.06.

Get Our Latest Research Report on Alphabet

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $303.41, for a total value of $318,580.50. Following the completion of the transaction, the director directly owned 4,631 shares of the company’s stock, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 47,574 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. The trade was a 78.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,092,336 shares of company stock worth $112,519,943 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

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.

Featured Articles

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.