Windmill Hill Asset Management Ltd Has $7.45 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Windmill Hill Asset Management Ltd trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 19.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,356 shares of the information services provider's stock after selling 9,548 shares during the period. Alphabet makes up 2.4% of Windmill Hill Asset Management Ltd's investment portfolio, making the stock its 2nd largest holding. Windmill Hill Asset Management Ltd's holdings in Alphabet were worth $7,450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Compass Planning Associates Inc bought a new position in shares of Alphabet in the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new position in shares of Alphabet in the 4th quarter worth $39,000. PayPay Securities Corp lifted its holdings in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, Anderson Financial Strategies LLC bought a new position in shares of Alphabet in the 4th quarter worth $49,000. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a report on Wednesday, May 21st. Roth Mkm reiterated a "buy" rating and issued a $220.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Alphabet in a report on Wednesday, April 23rd. DA Davidson cut their target price on Alphabet from $200.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Cantor Fitzgerald dropped their price objective on Alphabet from $200.00 to $159.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $199.75.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 1,374 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares of the company's stock, valued at approximately $2,606,213.28. The trade was a 8.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 200 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company's stock, valued at $1,293,285.89. The trade was a 2.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,654 shares of company stock valued at $26,793,380. 11.55% of the stock is owned by insiders.

Alphabet Stock Performance

GOOGL traded down $0.54 during trading hours on Wednesday, hitting $172.36. The stock had a trading volume of 34,427,314 shares, compared to its average volume of 35,650,043. The company's fifty day simple moving average is $158.87 and its 200 day simple moving average is $174.75. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. The stock has a market cap of $2.09 trillion, a PE ratio of 21.41, a price-to-earnings-growth 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.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the firm posted $1.89 EPS. Equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.49%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is 9.36%.

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.