Westbourne Investment Advisors Inc. Has $18.25 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Westbourne Investment Advisors Inc. boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,407 shares of the information services provider’s stock after purchasing an additional 477 shares during the period. Alphabet comprises 6.2% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 3rd largest holding. Westbourne Investment Advisors Inc.’s holdings in Alphabet were worth $18,250,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Shikiar Asset Management Inc. bought a new position in shares of Alphabet in the 3rd quarter worth approximately $343,000. Shira Ridge Wealth Management increased its holdings in Alphabet by 6.4% during the third quarter. Shira Ridge Wealth Management now owns 6,006 shares of the information services provider’s stock valued at $996,000 after buying an additional 362 shares during the last quarter. Crestmont Private Wealth LLC raised its position in Alphabet by 7.5% in the third quarter. Crestmont Private Wealth LLC now owns 4,557 shares of the information services provider’s stock worth $756,000 after acquiring an additional 317 shares during the period. McGlone Suttner Wealth Management Inc. boosted its stake in shares of Alphabet by 10.3% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 18,031 shares of the information services provider’s stock worth $2,990,000 after acquiring an additional 1,680 shares during the last quarter. Finally, Willner & Heller LLC grew its position in shares of Alphabet by 2.2% during the 3rd quarter. Willner & Heller LLC now owns 10,890 shares of the information services provider’s stock valued at $1,806,000 after acquiring an additional 231 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Activity

In other news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the sale, the director now directly owns 23,324 shares in the company, valued at approximately $4,529,987.28. This represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,029 shares of company stock valued at $12,625,003. 11.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. DA Davidson raised their target price on Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Royal Bank of Canada lifted their price objective on Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their target price on shares of Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Alphabet in a report on Wednesday, February 5th. Finally, Wolfe Research increased their price objective on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

Alphabet Trading Down 0.8 %

Shares of NASDAQ GOOGL opened at $183.77 on Wednesday. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 22.83, a PEG ratio of 1.39 and a beta of 0.99. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $207.05. The business’s 50 day moving average is $193.05 and its two-hundred day moving average is $175.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.95.

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, 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%. As a group, research analysts expect that Alphabet Inc. will post 8.91 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

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.