Tradewinds LLC. Acquires 1,921 Shares of Alphabet Inc. (NASDAQ:GOOG)

Tradewinds LLC. boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,013 shares of the information services provider’s stock after acquiring an additional 1,921 shares during the period. Alphabet accounts for 2.3% of Tradewinds LLC.’s holdings, making the stock its 11th biggest position. Tradewinds LLC.’s holdings in Alphabet were worth $8,210,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Weiss Asset Management LP bought a new stake in shares of Alphabet during the third quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new stake in Alphabet in the 4th quarter valued at $27,000. Safe Harbor Fiduciary LLC bought a new stake in Alphabet in the 3rd quarter valued at $33,000. WealthTrak Capital Management LLC acquired a new position in Alphabet in the 4th quarter valued at $38,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Alphabet during the 4th quarter worth $39,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Scotiabank increased their target price on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Oppenheimer lifted their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Wedbush reissued an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $208.56.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 11,764 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the sale, the insider now directly owns 49,037 shares of the company’s stock, valued at $8,181,333.08. The trade was a 19.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,992 shares of company stock valued at $16,093,773 in the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Trading Up 0.1 %

Shares of Alphabet stock opened at $156.23 on Tuesday. The firm’s 50 day moving average is $180.70 and its 200 day moving average is $178.70. The firm has a market capitalization of $1.90 trillion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1 year low of $148.20 and a 1 year high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last posted 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 net margin of 28.60% and a return on equity of 32.49%. Equities research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet’s dividend payout ratio is currently 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.