Goldstream Capital Management Ltd Buys 1,235 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Goldstream Capital Management Ltd raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 53.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,535 shares of the information services provider’s stock after buying an additional 1,235 shares during the quarter. Alphabet comprises about 0.2% of Goldstream Capital Management Ltd’s investment portfolio, making the stock its 18th largest holding. Goldstream Capital Management Ltd’s holdings in Alphabet were worth $669,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Compass Planning Associates Inc acquired a new position in Alphabet during the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the 4th quarter worth approximately $39,000. PayPay Securities Corp increased its stake in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. Finally, Denver PWM LLC raised its holdings in shares of Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 17,690 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the sale, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. Insiders have sold 148,163 shares of company stock worth $25,361,647 over the last three months. Company insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley decreased their target price on Alphabet from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. UBS Group set a $190.00 price objective on shares of Alphabet in a research note on Thursday, March 27th. Cantor Fitzgerald lowered their price target on shares of Alphabet from $200.00 to $159.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Wolfe Research boosted their price objective on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group reduced their price target on Alphabet from $235.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $200.74.

Alphabet Stock Down 2.3 %

GOOGL opened at $147.67 on Tuesday. The business has a 50 day moving average of $164.42 and a 200-day moving average of $175.78. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.34 and a beta of 1.03. 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 Inc. has a 1-year low of $140.53 and a 1-year high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is 9.94%.

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.