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

Hamilton Wealth LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,828 shares of the information services provider’s stock after acquiring an additional 5,423 shares during the period. Alphabet accounts for approximately 6.0% of Hamilton Wealth LLC’s holdings, making the stock its 4th biggest position. Hamilton Wealth LLC’s holdings in Alphabet were worth $19,293,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GOOGL. Vermillion & White Wealth Management Group LLC purchased a new position in Alphabet in the fourth quarter valued at about $30,000. Tributary Capital Management LLC acquired a new stake in shares of Alphabet in the first quarter valued at about $30,000. DiNuzzo Private Wealth Inc. bought a new position in Alphabet in the 4th quarter worth approximately $38,000. CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Alphabet by 59.2% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after purchasing an additional 109 shares during the period. Finally, Richardson Capital Management LLC increased its stake in Alphabet by 87.5% during the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 140 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $185.85, for a total value of $278,775.00. Following the sale, the director now owns 30,824 shares in the company, valued at approximately $5,728,640.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $185.85, for a total transaction of $278,775.00. Following the completion of the transaction, the director now owns 30,824 shares of the company’s stock, valued at approximately $5,728,640.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $173.22, for a total transaction of $3,897,450.00. Following the completion of the transaction, the chief executive officer now owns 2,258,011 shares in the company, valued at approximately $391,132,665.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,808 shares of company stock valued at $17,732,125. Company insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research report on Tuesday. Piper Sandler upped their target price on shares of Alphabet from $200.00 to $206.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Guggenheim boosted their price target on shares of Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Alphabet from $200.00 to $208.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, TD Securities lifted their price objective on shares of Alphabet from $200.00 to $220.00 in a report on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $203.74.

Alphabet Price Performance

GOOGL stock traded down $0.11 during midday trading on Tuesday, reaching $159.14. The stock had a trading volume of 21,464,791 shares, compared to its average volume of 28,126,527. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. The company’s fifty day simple moving average is $178.11 and its 200 day simple moving average is $161.69. Alphabet Inc. has a 52-week low of $120.21 and a 52-week high of $191.75. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. During the same period last year, the business posted $1.44 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 7.62 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 9th will be given a $0.20 dividend. The ex-dividend date is Monday, September 9th. This represents a $0.80 annualized dividend and a yield of 0.50%. Alphabet’s dividend payout ratio (DPR) 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.