KilterHowling LLC Grows Position in Alphabet Inc. (NASDAQ:GOOG)

KilterHowling LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 280.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,387 shares of the information services provider’s stock after purchasing an additional 3,970 shares during the period. Alphabet makes up approximately 0.6% of KilterHowling LLC’s portfolio, making the stock its 17th biggest holding. KilterHowling LLC’s holdings in Alphabet were worth $999,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. GPS Wealth Strategies Group LLC raised its holdings in shares of Alphabet by 6.8% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider’s stock worth $3,094,000 after purchasing an additional 1,041 shares during the period. North Forty Two & Co. acquired a new position in shares of Alphabet during the 4th quarter valued at $281,000. Requisite Capital Management LLC acquired a new stake in Alphabet in the 4th quarter valued at $927,000. SageView Advisory Group LLC raised its position in Alphabet by 140.6% in the fourth quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider’s stock valued at $2,806,000 after purchasing an additional 8,610 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of Alphabet by 10.9% during the fourth quarter. Nordea Investment Management AB now owns 7,184,399 shares of the information services provider’s stock worth $1,384,039,000 after purchasing an additional 704,875 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. UBS Group lowered their price target on shares of Alphabet from $209.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush restated an “outperform” rating and set a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Finally, KeyCorp cut their price target on Alphabet from $202.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.71.

Alphabet Stock Performance

Shares of GOOG stock opened at $158.68 on Wednesday. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. The company has a market cap of $1.93 trillion, a P/E ratio of 19.71, a PEG ratio of 1.34 and a beta of 1.04. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $169.17 and a two-hundred day moving average of $177.83.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 115,663 shares of company stock worth $20,286,447. Insiders own 12.99% of the company’s stock.

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.