Silicon Valley Capital Partners Has $42.62 Million Stake in Alphabet Inc. $GOOGL

Key Points

• Silicon Valley Capital Partners increased its stake in Alphabet Inc. by 10.6%, owning 276,145 shares valued at approximately $42.6 million, making it the fund's 5th largest position.
• Analysts have varied ratings for Alphabet, with Guggenheim raising its target price to $210, while Wall Street Zen downgraded it to a "hold" rating, reflecting mixed sentiment in the market.
• Alphabet announced a quarterly dividend of $0.21 per share, with an annualized yield of 0.4%, indicating the company's ongoing commitment to returning value to shareholders.

Silicon Valley Capital Partners grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 10.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 276,145 shares of the information services provider's stock after acquiring an additional 26,456 shares during the period. Alphabet comprises approximately 5.6% of Silicon Valley Capital Partners' investment portfolio, making the stock its 5th biggest position. Silicon Valley Capital Partners' holdings in Alphabet were worth $42,617,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GOOGL. Nuveen LLC acquired a new position in Alphabet during the first quarter worth $4,317,606,000. GAMMA Investing LLC raised its holdings in shares of Alphabet by 16,993.2% in the 1st quarter. GAMMA Investing LLC now owns 16,062,457 shares of the information services provider's stock valued at $2,483,898,000 after buying an additional 15,968,487 shares during the period. Vanguard Group Inc. raised its holdings in shares of Alphabet by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider's stock valued at $78,839,544,000 after buying an additional 14,307,345 shares during the period. Assenagon Asset Management S.A. lifted its stake in Alphabet by 307.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 10,302,644 shares of the information services provider's stock worth $1,593,201,000 after acquiring an additional 7,774,811 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Alphabet during the 4th quarter valued at about $1,375,509,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 600 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $203.79, for a total transaction of $122,274.00. Following the completion of the sale, the director owned 6,316 shares of the company's stock, valued at $1,287,137.64. This represents a 8.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 15,000 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the sale, the director directly owned 240,400 shares of the company's stock, valued at approximately $44,656,704. This represents a 5.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 254,710 shares of company stock worth $49,208,380 in the last quarter. 11.64% of the stock is currently owned by corporate insiders.

Alphabet Stock Up 0.2%

Alphabet stock traded up $0.43 during midday trading on Friday, hitting $240.80. 26,758,216 shares of the stock were exchanged, compared to its average volume of 35,407,372. The firm has a market cap of $2.91 trillion, a P/E ratio of 25.64, a P/E/G ratio of 1.62 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $242.25. The company has a 50 day moving average price of $201.89 and a two-hundred day moving average price of $177.51.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.16. The company had revenue of $96.43 billion during 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, sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 0.3%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's dividend payout ratio is currently 8.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Roth Capital raised their price objective on shares of Alphabet from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Rosenblatt Securities boosted their price objective on shares of Alphabet from $191.00 to $224.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Susquehanna lifted their price target on Alphabet from $220.00 to $225.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Wedbush upped their target price on shares of Alphabet from $225.00 to $245.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 3rd. Finally, Morgan Stanley boosted their price target on Alphabet from $185.00 to $205.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $221.44.

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.