Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Traveka Wealth LLC

Traveka Wealth LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 27.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,492 shares of the information services provider’s stock after purchasing an additional 4,409 shares during the period. Alphabet accounts for approximately 2.1% of Traveka Wealth LLC’s investment portfolio, making the stock its 14th biggest holding. Traveka Wealth LLC’s holdings in Alphabet were worth $3,879,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. LMR Partners LLP acquired a new position in shares of Alphabet in the 3rd quarter valued at $32,000. Denver PWM LLC acquired a new position in shares of Alphabet in the 2nd quarter valued at $41,000. Quarry LP acquired a new position in shares of Alphabet in the 2nd quarter valued at $53,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Alphabet in the 3rd quarter valued at $66,000. Finally, Mendota Financial Group LLC increased its position in shares of Alphabet by 19.0% in the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after acquiring an additional 64 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GOOGL shares. China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Sanford C. Bernstein increased their price target on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. KeyCorp increased their price target on Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Morgan Stanley increased their price target on Alphabet from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Nine research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $208.15.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares of the company’s stock, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the transaction, the chief accounting officer now directly owns 26,349 shares of the company’s stock, valued at $4,516,745.58. This represents a 4.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,553 shares of company stock worth $23,817,951. Insiders own 11.55% of the company’s stock.

Alphabet Stock Down 0.7 %

Alphabet stock opened at $189.66 on Wednesday. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $201.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a 50 day moving average price of $183.45 and a 200 day moving average price of $173.04. The company has a market capitalization of $2.32 trillion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last posted 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 firm had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter last year, the firm earned $1.55 EPS. Research analysts expect that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

About Alphabet

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.