Rosenberg Matthew Hamilton Increases Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Rosenberg Matthew Hamilton raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,262 shares of the information services provider’s stock after buying an additional 214 shares during the period. Rosenberg Matthew Hamilton’s holdings in Alphabet were worth $428,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. PCA Investment Advisory Services Inc. increased its stake in shares of Alphabet by 0.5% in the 4th quarter. PCA Investment Advisory Services Inc. now owns 12,891 shares of the information services provider’s stock worth $2,440,000 after acquiring an additional 61 shares in the last quarter. Signal Advisors Wealth LLC increased its stake in Alphabet by 15.2% during the 4th quarter. Signal Advisors Wealth LLC now owns 15,837 shares of the information services provider’s stock valued at $2,998,000 after purchasing an additional 2,092 shares in the last quarter. Arbor Wealth Advisors LLC purchased a new position in Alphabet in the fourth quarter worth about $368,000. Ayrshire Capital Management LLC purchased a new position in Alphabet in the fourth quarter worth about $456,000. Finally, Shira Ridge Wealth Management raised its holdings in Alphabet by 11.4% in the fourth quarter. Shira Ridge Wealth Management now owns 6,692 shares of the information services provider’s stock worth $1,267,000 after buying an additional 686 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of several research reports. KeyCorp boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Pivotal Research boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wedbush boosted their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Royal Bank of Canada boosted their price objective on shares of Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird reissued an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $208.15.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the transaction, the director now owns 330,466 shares of the company’s stock, valued at $59,741,643.48. This trade represents a 3.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the transaction, the director now directly owns 16,490 shares in the company, valued at $2,820,779.40. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,387 shares of company stock valued at $24,368,654. 11.55% of the stock is currently owned by company insiders.

Alphabet Price Performance

Alphabet stock opened at $195.55 on Thursday. The company has a market cap of $2.39 trillion, a price-to-earnings ratio of 25.94, a PEG ratio of 1.35 and a beta of 0.98. The firm’s fifty day moving average is $183.45 and its 200 day moving average is $173.04. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

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.