Mayflower Financial Advisors LLC Has $13.34 Million Stock Holdings in Alphabet Inc. $GOOGL

Mayflower Financial Advisors LLC raised its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 10.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 42,630 shares of the information services provider’s stock after buying an additional 4,053 shares during the period. Alphabet comprises approximately 1.3% of Mayflower Financial Advisors LLC’s holdings, making the stock its 12th largest holding. Mayflower Financial Advisors LLC’s holdings in Alphabet were worth $13,343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Bancorp USA Inc. bought a new stake in shares of Alphabet during the third quarter worth approximately $416,217,000. Griffin Asset Management Inc. grew its holdings in Alphabet by 13.9% during the 3rd quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider’s stock worth $14,277,000 after acquiring an additional 7,180 shares during the period. Sovran Advisors LLC grew its holdings in Alphabet by 23.6% during the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock worth $5,401,000 after acquiring an additional 4,241 shares during the period. Edmond DE Rothschild Holding S.A. raised its position in shares of Alphabet by 4.7% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 1,457,732 shares of the information services provider’s stock valued at $256,896,000 after acquiring an additional 65,439 shares during the last quarter. Finally, Wright Investors Service Inc. raised its position in shares of Alphabet by 21.2% during the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider’s stock valued at $12,171,000 after acquiring an additional 8,746 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the sale, the director directly owned 4,631 shares of the company’s stock, valued at $1,405,091.71. The trade was a 18.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,092,234 shares of company stock valued at $112,487,971 in the last three months. 11.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on GOOGL shares. Sanford C. Bernstein raised their price target on Alphabet from $305.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, February 2nd. Piper Sandler reiterated an “overweight” rating and issued a $395.00 price objective (up from $365.00) on shares of Alphabet in a report on Thursday, February 5th. China Renaissance increased their target price on Alphabet from $330.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Moffett Nathanson raised their target price on Alphabet from $305.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, UBS Group set a $348.00 target price on Alphabet and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $368.06.

View Our Latest Research Report on Alphabet

Alphabet Stock Up 5.1%

Shares of Alphabet stock opened at $287.56 on Wednesday. The firm has a market cap of $3.48 trillion, a PE ratio of 26.60, a P/E/G ratio of 1.60 and a beta of 1.10. The business’s 50 day simple moving average is $311.25 and its 200 day simple moving average is $295.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. On average, analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio is presently 7.77%.

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Alphabet Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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