Ameliora Wealth Management Ltd. Has $3 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Ameliora Wealth Management Ltd. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,849 shares of the information services provider’s stock after buying an additional 271 shares during the period. Alphabet comprises approximately 1.4% of Ameliora Wealth Management Ltd.’s investment portfolio, making the stock its 25th biggest position. Ameliora Wealth Management Ltd.’s holdings in Alphabet were worth $2,996,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GOOGL. RWQ Financial Management Services Inc. raised its stake in shares of 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 valued at $8,591,000 after acquiring an additional 4,664 shares during the last quarter. Picton Mahoney Asset Management increased its holdings in Alphabet by 55.4% in the fourth 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 period. Robbins Farley raised its position in Alphabet by 0.8% during the 4th quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock worth $2,096,000 after purchasing an additional 118 shares during the last quarter. Nebula Research & Development LLC bought a new stake in shares of Alphabet in the 4th quarter valued at about $787,000. Finally, Quantum Financial Advisors LLC grew its position in shares of Alphabet by 8.0% in the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock valued at $998,000 after buying an additional 564 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Shares of Alphabet stock opened at $182.15 on Monday. The firm has a market capitalization of $2.25 trillion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 1.37 and a beta of 1.01. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $172.85 and its 200 day simple moving average is $154.44. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $186.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same period in the previous year, the firm earned $1.17 EPS. As a group, analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.44%. Alphabet’s payout ratio is 12.27%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at $4,532,870.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at $4,532,870.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the sale, the chief executive officer now owns 2,325,513 shares in the company, valued at $362,012,608.71. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,026 shares of company stock valued at $24,026,243. Company insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on GOOGL. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Friday. UBS Group boosted their price target on shares of Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. JMP Securities reissued a “market outperform” rating and set a $200.00 target price on shares of Alphabet in a research note on Wednesday, May 15th. Loop Capital upped their price target on shares of Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company lifted their price objective on Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Six analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $193.66.

About Alphabet

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.