Alphabet Inc. (NASDAQ:GOOGL) is Cromwell Holdings LLC’s 10th Largest Position

Cromwell Holdings LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,453 shares of the information services provider’s stock after purchasing an additional 141 shares during the period. Alphabet accounts for 1.7% of Cromwell Holdings LLC’s investment portfolio, making the stock its 10th largest holding. Cromwell Holdings LLC’s holdings in Alphabet were worth $2,925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GOOGL. DT Investment Partners LLC increased its stake in Alphabet by 10.2% in the 3rd quarter. DT Investment Partners LLC now owns 12,374 shares of the information services provider’s stock valued at $2,052,000 after buying an additional 1,149 shares during the period. Woodard & Co. Asset Management Group Inc. ADV boosted its holdings in shares of Alphabet by 14.5% in the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,308 shares of the information services provider’s stock valued at $217,000 after acquiring an additional 166 shares in the last quarter. Eagle Ridge Investment Management increased its stake in shares of Alphabet by 0.3% during the third quarter. Eagle Ridge Investment Management now owns 218,302 shares of the information services provider’s stock worth $36,205,000 after acquiring an additional 662 shares during the period. Tectonic Advisors LLC raised its holdings in Alphabet by 0.9% during the third quarter. Tectonic Advisors LLC now owns 8,019 shares of the information services provider’s stock worth $1,330,000 after purchasing an additional 69 shares in the last quarter. Finally, Legacy Capital Group California Inc. lifted its position in Alphabet by 29.4% in the third quarter. Legacy Capital Group California Inc. now owns 13,578 shares of the information services provider’s stock valued at $2,252,000 after purchasing an additional 3,088 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In related news, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 17,690 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now directly owns 43,111 shares of the company’s stock, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,316 shares of company stock worth $25,062,887 in the last quarter. 11.55% of the stock is owned by insiders.

Alphabet Stock Performance

Alphabet stock opened at $173.02 on Thursday. The stock has a fifty day moving average price of $189.06 and a 200 day moving average price of $176.38. Alphabet Inc. has a 52 week low of $130.85 and a 52 week high of $207.05. The firm has a market capitalization of $2.11 trillion, a P/E ratio of 21.49, a PEG ratio of 1.34 and a beta of 0.99. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GOOGL shares. JPMorgan Chase & Co. dropped their target price on Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a report on Wednesday, February 5th. Bank of America reiterated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Needham & Company LLC restated a “buy” rating and set a $225.00 target price on shares of Alphabet in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.62.

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.