Ameliora Wealth Management Ltd. Boosts Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Ameliora Wealth Management Ltd. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,908 shares of the information services provider’s stock after buying an additional 1,567 shares during the quarter. Alphabet makes up about 1.5% of Ameliora Wealth Management Ltd.’s investment portfolio, making the stock its 20th largest holding. Ameliora Wealth Management Ltd.’s holdings in Alphabet were worth $3,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt increased its position in Alphabet by 0.3% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 458,075 shares of the information services provider’s stock worth $86,714,000 after buying an additional 1,400 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Alphabet by 4.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 892,887 shares of the information services provider’s stock worth $169,024,000 after acquiring an additional 38,151 shares in the last quarter. Tandem Financial LLC bought a new stake in Alphabet during the 4th quarter worth approximately $770,000. Strategic Financial Concepts LLC lifted its holdings in Alphabet by 20,604.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,515,187 shares of the information services provider’s stock valued at $286,825,000 after purchasing an additional 1,507,869 shares in the last quarter. Finally, Leo Wealth LLC boosted its position in shares of Alphabet by 25.0% in the fourth quarter. Leo Wealth LLC now owns 33,334 shares of the information services provider’s stock worth $6,310,000 after purchasing an additional 6,673 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 other news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the sale, the director now owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total value of $3,975,075.00. Following the completion of the transaction, the chief executive officer now directly owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,529 shares of company stock valued at $16,600,078 in the last three months. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL stock opened at $185.23 on Monday. The stock has a 50 day moving average price of $192.85 and a 200 day moving average price of $175.17. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.95 and a current ratio of 1.84. The firm has a market capitalization of $2.27 trillion, a P/E ratio of 23.01, a P/E/G ratio of 1.39 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, sell-side analysts predict that Alphabet Inc. will post 8.91 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. Alphabet’s payout ratio is 9.94%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GOOGL. BMO Capital Markets restated an “outperform” rating and set a $217.00 target price (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Pivotal Research boosted their price objective on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Roth Mkm increased their target price on Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Bank of America reissued a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Finally, Citigroup dropped their price target on Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. 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. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Alphabet Company 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.