Winmill & CO. Inc. Raises Position in Alphabet Inc. (NASDAQ:GOOGL)

Winmill & CO. Inc. increased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 17.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,100 shares of the information services provider's stock after acquiring an additional 15,700 shares during the quarter. Alphabet makes up 6.6% of Winmill & CO. Inc.'s holdings, making the stock its 3rd largest holding. Winmill & CO. Inc.'s holdings in Alphabet were worth $20,463,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc acquired a new position in Alphabet in the fourth quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after buying an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the 4th quarter worth approximately $39,000. PayPay Securities Corp lifted its holdings in shares of Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after buying an additional 65 shares during the last quarter. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of Alphabet stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the sale, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. The trade was a 4.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the transaction, the insider now owns 43,111 shares in the company, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 115,663 shares of company stock valued at $20,286,447 over the last quarter. Insiders own 11.55% of the company's stock.

Alphabet Price Performance

GOOGL stock traded down $2.17 during mid-day trading on Thursday, hitting $151.17. The stock had a trading volume of 16,088,734 shares, compared to its average volume of 28,208,395. The firm has a fifty day simple moving average of $166.53 and a 200 day simple moving average of $175.98. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.84 trillion, a P/E ratio of 18.76, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. DZ Bank downgraded shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target for the company. in a report on Thursday, February 6th. Citigroup lowered their price target on Alphabet from $229.00 to $195.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Rosenblatt Securities reissued a "neutral" rating and set a $205.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Morgan Stanley decreased their price target on shares of Alphabet from $210.00 to $185.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus increased their target price on Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $200.74.

Alphabet Company Profile

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.