Alphabet Inc. (NASDAQ:GOOGL) is Willner & Heller LLC’s 9th Largest Position

Willner & Heller LLC decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,801 shares of the information services provider’s stock after selling 89 shares during the quarter. Alphabet makes up 1.8% of Willner & Heller LLC’s investment portfolio, making the stock its 9th biggest holding. Willner & Heller LLC’s holdings in Alphabet were worth $2,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GOOGL. LMR Partners LLP acquired a new stake in Alphabet in the third quarter valued at $32,000. Denver PWM LLC raised its position in shares of Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after acquiring an additional 57 shares in the last quarter. Quarry LP purchased a new stake in Alphabet during the second quarter worth approximately $53,000. Teachers Insurance & Annuity Association of America acquired a new position in Alphabet in the third quarter valued at approximately $66,000. Finally, Mendota Financial Group LLC raised its holdings in Alphabet by 19.0% during the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the transaction, the director now directly owns 330,466 shares in the company, valued at $59,741,643.48. This represents a 3.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,387 shares of company stock worth $24,368,654. 11.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GOOGL. Royal Bank of Canada increased their target price on shares of Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Loop Capital boosted their target price on Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Wells Fargo & Company lifted their price target on Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a report on Wednesday, October 30th. Finally, JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research report on Friday, January 10th. Nine research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $208.67.

Alphabet Stock Performance

Alphabet stock opened at $197.98 on Friday. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $202.29. The company has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.27 and a beta of 0.98. The stock has a fifty day moving average of $185.46 and a two-hundred day moving average of $173.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter last year, the business posted $1.55 EPS. On average, analysts anticipate that Alphabet Inc. will post 8.03 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is 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.