GenTrust LLC Increases Holdings in Alphabet Inc. (NASDAQ:GOOGL)

GenTrust LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 11.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,821 shares of the information services provider’s stock after buying an additional 483 shares during the quarter. GenTrust LLC’s holdings in Alphabet were worth $913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cable Hill Partners LLC raised its position in Alphabet by 4.6% in the 4th quarter. Cable Hill Partners LLC now owns 12,577 shares of the information services provider’s stock worth $2,381,000 after purchasing an additional 549 shares during the period. Whipplewood Advisors LLC bought a new position in shares of Alphabet during the fourth quarter valued at about $1,017,000. NewEdge Wealth LLC increased its holdings in shares of Alphabet by 6.1% in the fourth quarter. NewEdge Wealth LLC now owns 732,060 shares of the information services provider’s stock worth $138,579,000 after buying an additional 42,122 shares during the period. Oakwell Private Wealth Management LLC lifted its stake in shares of Alphabet by 4.6% in the 4th quarter. Oakwell Private Wealth Management LLC now owns 7,231 shares of the information services provider’s stock valued at $1,369,000 after acquiring an additional 315 shares during the last quarter. Finally, Magnolia Private Wealth LLC purchased a new stake in Alphabet during the 4th quarter valued at about $639,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GOOGL. Bank of America reaffirmed a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research note on Monday, December 23rd. KeyCorp lifted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. dropped their price target on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley decreased their price objective on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, DA Davidson upped their price objective on shares of Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $210.62.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the sale, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,182 shares of company stock valued at $18,192,354 over the last three months. Insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $164.04 on Wednesday. The company has a market cap of $2.00 trillion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 1.34 and a beta of 1.02. The business’s fifty day simple moving average is $187.20 and its two-hundred day simple moving average is $176.55. Alphabet Inc. has a 12 month low of $137.03 and a 12 month high of $207.05. 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 released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. Alphabet’s payout ratio is 9.94%.

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.