Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Boosted by WD Rutherford LLC

WD Rutherford LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,360 shares of the information services provider’s stock after purchasing an additional 177 shares during the period. Alphabet comprises approximately 2.5% of WD Rutherford LLC’s holdings, making the stock its 8th largest holding. WD Rutherford LLC’s holdings in Alphabet were worth $4,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Nova Scotia boosted its stake in Alphabet by 6.4% during the third quarter. Bank of Nova Scotia now owns 2,742,194 shares of the information services provider’s stock worth $358,842,000 after acquiring an additional 165,662 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. increased its position in Alphabet by 15.5% during the 3rd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,169,929 shares of the information services provider’s stock valued at $283,957,000 after buying an additional 291,334 shares in the last quarter. Fernbridge Capital Management LP raised its stake in Alphabet by 47.3% during the third quarter. Fernbridge Capital Management LP now owns 319,086 shares of the information services provider’s stock valued at $41,756,000 after buying an additional 102,477 shares during the last quarter. Cape Cod Five Cents Savings Bank grew its stake in shares of Alphabet by 99.2% in the third quarter. Cape Cod Five Cents Savings Bank now owns 23,892 shares of the information services provider’s stock worth $3,127,000 after acquiring an additional 11,897 shares during the last quarter. Finally, CWA Asset Management Group LLC increased its holdings in shares of Alphabet by 9.8% during the third quarter. CWA Asset Management Group LLC now owns 44,798 shares of the information services provider’s stock valued at $5,862,000 after acquiring an additional 4,010 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Evercore ISI increased their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, June 11th. Argus increased their price target on shares of Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $181.00 price objective (down from $182.00) on shares of Alphabet in a research report on Friday. UBS Group boosted their price target on Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Alphabet in a research report on Wednesday, May 15th. Six equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $193.66.

Alphabet Stock Performance

NASDAQ GOOGL opened at $182.99 on Tuesday. The business’s 50 day moving average price is $172.85 and its 200-day moving average price is $154.44. Alphabet Inc. has a fifty-two week low of $115.35 and a fifty-two week high of $186.05. The company has a market cap of $2.26 trillion, a P/E ratio of 28.07, a P/E/G ratio of 1.37 and a beta of 1.05. 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 (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $80.54 billion for 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 quarter in the previous year, the business posted $1.17 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

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

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total value of $3,502,575.00. Following the sale, the chief executive officer now directly owns 2,325,513 shares in the company, valued at $362,012,608.71. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the transaction, the chief executive officer now directly owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The disclosure for this sale can be found here. Insiders sold 142,344 shares of company stock worth $23,920,676 over the last 90 days. Company insiders own 11.55% of the company’s stock.

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.