Tradewinds Capital Management LLC Boosts Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Tradewinds Capital Management LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 12.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,989 shares of the information services provider’s stock after buying an additional 544 shares during the period. Tradewinds Capital Management LLC’s holdings in Alphabet were worth $950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cohen Capital Management Inc. lifted its position in shares of Alphabet by 23.4% during the 4th quarter. Cohen Capital Management Inc. now owns 12,860 shares of the information services provider’s stock worth $2,449,000 after buying an additional 2,440 shares during the last quarter. Lutz Financial Services LLC grew its position in shares of Alphabet by 6.3% in the 4th quarter. Lutz Financial Services LLC now owns 1,997 shares of the information services provider’s stock valued at $380,000 after buying an additional 119 shares during the last quarter. Marshall Investment Management LLC acquired a new stake in Alphabet during the 4th quarter worth $2,897,000. FPC Investment Advisory Inc. lifted its position in Alphabet by 287.9% in the fourth quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 167 shares during the last quarter. Finally, JBR Co Financial Management Inc boosted its stake in Alphabet by 21.9% in the fourth quarter. JBR Co Financial Management Inc now owns 8,364 shares of the information services provider’s stock valued at $1,593,000 after acquiring an additional 1,504 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,299 shares of company stock valued at $25,055,751. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOG opened at $177.37 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $193.29 and its two-hundred day moving average is $177.66. The stock has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 22.03, a PEG ratio of 1.34 and a beta of 1.00. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $208.70.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Analysts Set New Price Targets

GOOG has been the topic of a number of research analyst reports. Wedbush reiterated an “outperform” rating and set a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Benchmark reissued a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Wells Fargo & Company raised their target price on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet 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.