Creekmur Asset Management LLC Takes $1.62 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Creekmur Asset Management LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,612 shares of the information services provider’s stock, valued at approximately $1,622,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. RWQ Financial Management Services Inc. grew its position in Alphabet by 8.2% during the fourth quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock worth $8,591,000 after buying an additional 4,664 shares during the period. Picton Mahoney Asset Management boosted its holdings in shares of Alphabet by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 214,443 shares of the information services provider’s stock valued at $29,956,000 after purchasing an additional 76,410 shares during the last quarter. Robbins Farley grew its position in Alphabet by 0.8% during the fourth quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock valued at $2,096,000 after acquiring an additional 118 shares during the period. Nebula Research & Development LLC purchased a new stake in shares of Alphabet during the 4th quarter worth about $787,000. Finally, Quantum Financial Advisors LLC grew its stake in Alphabet by 8.0% during the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after buying an additional 564 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the completion of the sale, the chief executive officer now owns 2,310,191 shares of the company’s stock, valued at approximately $343,710,216.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the transaction, the senior vice president now owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the completion of the sale, the chief executive officer now directly owns 2,310,191 shares of the company’s stock, valued at $343,710,216.98. The disclosure for this sale can be found here. Insiders sold 158,958 shares of company stock valued at $25,805,853 over the last three months. 11.55% of the stock is owned by corporate insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL traded up $1.63 during trading on Friday, hitting $176.79. The company had a trading volume of 18,063,555 shares, compared to its average volume of 21,874,168. The business’s 50-day moving average is $168.08 and its 200 day moving average is $151.00. The company has a market cap of $2.18 trillion, a P/E ratio of 27.12, a PEG ratio of 1.33 and a beta of 1.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. Alphabet Inc. has a 52 week low of $115.35 and a 52 week high of $180.41.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period last year, the company posted $1.17 earnings per share. Equities research analysts predict that Alphabet Inc. will post 7.6 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, June 17th. Stockholders of record on Monday, June 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several analyst reports. Citigroup upped their target price on shares of Alphabet from $168.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Susquehanna raised their target price on Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a research note on Monday, April 29th. BMO Capital Markets reiterated an “outperform” rating and issued a $215.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. Jefferies Financial Group raised their price objective on Alphabet from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Wells Fargo & Company upped their target price on Alphabet from $141.00 to $168.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.26.

Get Our Latest Stock Report on GOOGL

Alphabet Profile

(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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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