Alphabet Inc. (NASDAQ:GOOGL) is Windmill Hill Asset Management Ltd’s 4th Largest Position

Windmill Hill Asset Management Ltd lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 41.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 46,304 shares of the information services provider’s stock after selling 32,860 shares during the period. Alphabet accounts for approximately 2.5% of Windmill Hill Asset Management Ltd’s portfolio, making the stock its 4th biggest holding. Windmill Hill Asset Management Ltd’s holdings in Alphabet were worth $6,989,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC acquired a new position in Alphabet during the fourth quarter worth $30,000. Tributary Capital Management LLC acquired a new position in shares of Alphabet during the 1st quarter valued at about $30,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at about $38,000. Meritage Group LP increased its position in Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the last quarter. Finally, Macroview Investment Management LLC raised its stake in Alphabet by 165.8% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the sale, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at approximately $243,854,485.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The disclosure for this sale can be found here. In the last three months, insiders sold 253,439 shares of company stock valued at $36,746,578. Corporate insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GOOGL shares. BMO Capital Markets raised their target price on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday. Wells Fargo & Company raised their price objective on Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Friday. Wolfe Research upped their target price on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada lifted their price target on shares of Alphabet from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Finally, JMP Securities upped their price objective on shares of Alphabet from $160.00 to $200.00 and gave the stock a “market outperform” rating in a report on Friday. Five research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $187.82.

Alphabet Stock Performance

NASDAQ GOOGL traded up $15.95 during trading on Friday, reaching $171.95. The company’s stock had a trading volume of 64,665,299 shares, compared to its average volume of 25,802,202. Alphabet Inc. has a twelve month low of $103.54 and a twelve month high of $174.71. The firm has a market cap of $2.14 trillion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.43 and a beta of 1.05. The business’s fifty day moving average price is $147.85 and its 200-day moving average price is $141.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. The company had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. During the same period last year, the business posted $1.05 EPS. As a group, analysts anticipate that Alphabet Inc. will post 6.79 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s payout ratio is 12.27%.

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.