CW Advisors LLC Raises Holdings in Alphabet Inc. $GOOGL

Key Points

• CW Advisors LLC increased its stake in Alphabet Inc. by 22.3% in Q1, owning 359,799 shares valued at approximately $55.88 million.
• Alphabet's stock has risen by 3.2%, with recent shares opening at $206.09 and a current market capitalization of $2.49 trillion.
• The company recently announced a quarterly dividend of $0.21 per share, with a payout ratio of 8.95% and an annual yield of 0.4%.

CW Advisors LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 22.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 359,799 shares of the information services provider's stock after buying an additional 65,531 shares during the quarter. Alphabet makes up about 0.7% of CW Advisors LLC's portfolio, making the stock its 27th biggest position. CW Advisors LLC's holdings in Alphabet were worth $55,880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Eagle Capital Management LLC boosted its position in shares of Alphabet by 0.7% in the 4th quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider's stock worth $9,490,000 after purchasing an additional 371 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Alphabet by 3.9% during the 4th 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 last quarter. Revolve Wealth Partners LLC increased its stake in shares of Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock valued at $2,826,000 after purchasing an additional 506 shares in the last quarter. Highview Capital Management LLC DE increased its stake in shares of Alphabet by 3.6% in the 4th quarter. Highview Capital Management LLC DE now owns 29,100 shares of the information services provider's stock valued at $5,509,000 after purchasing an additional 1,003 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Alphabet by 15.9% in the 4th quarter. Wellington Management Group LLP now owns 66,050,135 shares of the information services provider's stock valued at $12,503,291,000 after purchasing an additional 9,042,271 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 23,820 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the sale, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $199.92, for a total transaction of $6,497,400.00. Following the completion of the sale, the chief executive officer owned 2,462,392 shares of the company's stock, valued at approximately $492,281,408.64. The trade was a 1.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 254,719 shares of company stock worth $47,223,172 over the last three months. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 1.2%

NASDAQ GOOGL traded up $2.40 on Monday, reaching $208.49. The stock had a trading volume of 29,895,767 shares, compared to its average volume of 31,370,868. The firm has a market capitalization of $2.52 trillion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 1.39 and a beta of 1.01. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $210.52. The stock has a fifty day moving average price of $187.44 and a two-hundred day moving average price of $173.28.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.15 by $0.16. The firm had revenue of $96,428,000 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on GOOGL shares. Bank of America boosted their price objective on Alphabet from $210.00 to $217.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Royal Bank Of Canada boosted their target price on Alphabet from $200.00 to $220.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Citizens Jmp upgraded Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 target price on the stock in a report on Friday, June 27th. Morgan Stanley boosted their target price on Alphabet from $185.00 to $205.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, Westpark Capital boosted their target price on Alphabet from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $211.53.

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.