White Knight Strategic Wealth Advisors LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 97.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,816 shares of the information services provider's stock after acquiring an additional 16,658 shares during the period. Alphabet comprises 2.7% of White Knight Strategic Wealth Advisors LLC's investment portfolio, making the stock its 9th biggest holding. White Knight Strategic Wealth Advisors LLC's holdings in Alphabet were worth $6,401,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in Alphabet during the fourth quarter worth about $461,000. Lantern Wealth Advisors LLC boosted its stake in shares of Alphabet by 4.1% in the 4th quarter. Lantern Wealth Advisors LLC now owns 16,383 shares of the information services provider's stock worth $3,102,000 after buying an additional 651 shares during the last quarter. Unio Capital LLC boosted its stake in shares of Alphabet by 22.4% in the 4th quarter. Unio Capital LLC now owns 86,972 shares of the information services provider's stock worth $16,464,000 after buying an additional 15,903 shares during the last quarter. USS Investment Management Ltd grew its holdings in shares of Alphabet by 15.5% in the fourth quarter. USS Investment Management Ltd now owns 1,086,101 shares of the information services provider's stock valued at $205,637,000 after acquiring an additional 145,421 shares in the last quarter. Finally, Vance Wealth LLC increased its position in shares of Alphabet by 23.5% during the fourth quarter. Vance Wealth LLC now owns 3,556 shares of the information services provider's stock valued at $673,000 after acquiring an additional 677 shares during the last quarter. Institutional investors own 40.03% of the company's stock.
Alphabet Stock Performance
NASDAQ:GOOGL opened at $166.54 on Tuesday. The stock has a market cap of $2.02 trillion, a P/E ratio of 20.69, a PEG ratio of 1.34 and a beta of 1.01. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The business's 50-day moving average price is $158.20 and its two-hundred day moving average price is $175.00. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same period last year, the firm posted $1.89 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a $0.21 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.50%. Alphabet's dividend payout ratio is presently 9.36%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on GOOGL shares. Cantor Fitzgerald cut their price objective on Alphabet from $200.00 to $159.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. DA Davidson lowered their target price on Alphabet from $200.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Needham & Company LLC reissued a "buy" rating and issued a $178.00 price target on shares of Alphabet in a report on Friday, April 25th. Jefferies Financial Group reduced their price target on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $199.75.
Read Our Latest Report on GOOGL
Insider Activity
In other news, Director John L. Hennessy sold 200 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at $430,917,877.76. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,744 shares of company stock worth $20,968,366. 11.64% of the stock is currently owned by corporate insiders.
About Alphabet
(
Free Report)
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.
Further Reading
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:GOOGL - Free Report).
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