Alphabet Inc. $GOOGL Stock Holdings Increased by BW Gestao de Investimentos Ltda.

Key Points

• BW Gestao de Investimentos Ltda. increased its stake in Alphabet Inc. by 82.0%, bringing its total holdings to $4.57 million after buying an additional 13,326 shares in the 1st quarter.
• Insiders at Alphabet sold shares worth over $41 million in the last three months, with notable sales including 23,820 shares sold by insider John Kent Walker on August 4th.
• Alphabet recently declared a quarterly dividend of $0.21 per share, which will be paid to shareholders of record on September 8th, representing a 0.4% yield.

BW Gestao de Investimentos Ltda. grew its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 82.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,571 shares of the information services provider's stock after purchasing an additional 13,326 shares during the quarter. BW Gestao de Investimentos Ltda.'s holdings in Alphabet were worth $4,573,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GOOGL. Eagle Capital Management LLC lifted its stake in shares of Alphabet by 0.7% during the fourth quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider's stock valued at $9,490,000 after buying an additional 371 shares during the period. Brighton Jones LLC lifted its stake in shares of Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock valued at $2,826,000 after buying an additional 506 shares during the period. Highview Capital Management LLC DE lifted its stake in shares of Alphabet by 3.6% during the fourth quarter. Highview Capital Management LLC DE now owns 29,100 shares of the information services provider's stock valued at $5,509,000 after buying an additional 1,003 shares during the period. Finally, Legacy Investment Solutions LLC lifted its stake in shares of Alphabet by 13.7% during the fourth quarter. Legacy Investment Solutions LLC now owns 980 shares of the information services provider's stock valued at $182,000 after buying an additional 118 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ:GOOGL traded up $2.70 during mid-day trading on Friday, hitting $235.00. The stock had a trading volume of 46,562,292 shares, compared to its average volume of 33,713,716. The stock has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 1.56 and a beta of 1.01. The company has a 50 day simple moving average of $195.79 and a 200-day simple moving average of $175.48. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $235.76. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. The firm had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. On average, research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet's payout ratio is 8.95%.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $229.73, for a total transaction of $7,466,225.00. Following the sale, the chief executive officer directly owned 2,429,892 shares in the company, valued at approximately $558,219,089.16. The trade was a 1.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 15,000 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the sale, the director owned 240,400 shares in the company, valued at $44,656,704. This trade represents a 5.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 254,710 shares of company stock valued at $49,208,380 over the last quarter. Corporate insiders own 11.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GOOGL. BNP Paribas downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Barclays upped their price objective on shares of Alphabet from $235.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday. Loop Capital reaffirmed a "hold" rating and set a $190.00 price target (up previously from $165.00) on shares of Alphabet in a research note on Tuesday, August 5th. Bank of America increased their price target on shares of Alphabet from $210.00 to $217.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Rosenblatt Securities increased their price target on shares of Alphabet from $191.00 to $224.00 and gave the stock a "neutral" rating in a research note on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $222.33.

Alphabet 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.