Alphabet Inc. (NASDAQ:GOOGL) is Waycross Partners LLC’s 5th Largest Position

Waycross Partners LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 204,627 shares of the information services provider’s stock after purchasing an additional 7,154 shares during the period. Alphabet accounts for approximately 5.0% of Waycross Partners LLC’s investment portfolio, making the stock its 5th largest holding. Waycross Partners LLC’s holdings in Alphabet were worth $38,736,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GOOGL. Hofer & Associates. Inc grew its holdings in shares of Alphabet by 4.6% during the third quarter. Hofer & Associates. Inc now owns 4,712 shares of the information services provider’s stock valued at $781,000 after buying an additional 209 shares during the last quarter. Waldron Private Wealth LLC raised its holdings in Alphabet by 4.8% in the 3rd quarter. Waldron Private Wealth LLC now owns 73,705 shares of the information services provider’s stock worth $12,224,000 after purchasing an additional 3,391 shares during the period. Symphony Financial Ltd. Co. raised its position in Alphabet by 9.7% during the third quarter. Symphony Financial Ltd. Co. now owns 36,188 shares of the information services provider’s stock worth $5,949,000 after acquiring an additional 3,187 shares during the period. Pictet North America Advisors SA boosted its holdings in Alphabet by 0.7% in the 3rd quarter. Pictet North America Advisors SA now owns 154,687 shares of the information services provider’s stock worth $25,655,000 after buying an additional 1,141 shares during the last quarter. Finally, Stanley Laman Group Ltd. increased its position in shares of Alphabet by 77.6% during the third quarter. Stanley Laman Group Ltd. now owns 63,699 shares of the information services provider’s stock worth $10,564,000 after purchasing an additional 27,825 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the sale, the insider now owns 1,449,286 shares of the company’s stock, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,942 shares of company stock worth $24,824,539. 11.55% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $170.33 on Monday. The company’s fifty day moving average is $190.58 and its two-hundred day moving average is $176.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 21.16, a PEG ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a one year low of $130.66 and a one year high of $207.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several recent research reports. DZ Bank cut Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target for the company. in a report on Thursday, February 6th. Wedbush lifted their price target on shares of Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. cut their price target on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Stifel Nicolaus upped their price objective on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

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.