Tradewinds LLC. Buys 1,921 Shares of Alphabet Inc. (NASDAQ:GOOG)

Tradewinds LLC. grew its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,013 shares of the information services provider’s stock after purchasing an additional 1,921 shares during the quarter. Alphabet comprises approximately 2.3% of Tradewinds LLC.’s investment portfolio, making the stock its 11th largest position. Tradewinds LLC.’s holdings in Alphabet were worth $8,210,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Roundview Capital LLC boosted its holdings in shares of Alphabet by 0.8% during the 4th quarter. Roundview Capital LLC now owns 262,349 shares of the information services provider’s stock worth $49,962,000 after buying an additional 2,194 shares in the last quarter. HighPoint Advisor Group LLC lifted its position in shares of Alphabet by 1.6% during the 4th quarter. HighPoint Advisor Group LLC now owns 150,167 shares of the information services provider’s stock valued at $28,186,000 after acquiring an additional 2,344 shares during the period. Seven Mile Advisory boosted its stake in Alphabet by 15.0% during the fourth quarter. Seven Mile Advisory now owns 15,732 shares of the information services provider’s stock worth $2,996,000 after acquiring an additional 2,050 shares in the last quarter. Summit Financial LLC grew its holdings in Alphabet by 8.2% in the fourth quarter. Summit Financial LLC now owns 49,101 shares of the information services provider’s stock worth $9,351,000 after purchasing an additional 3,742 shares during the period. Finally, AIA Group Ltd increased its stake in Alphabet by 7.3% in the fourth quarter. AIA Group Ltd now owns 102,646 shares of the information services provider’s stock valued at $19,548,000 after purchasing an additional 7,017 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GOOG shares. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Benchmark restated a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Oppenheimer upped their target price on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Scotiabank lifted their price target on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $208.56.

Alphabet Stock Performance

Shares of Alphabet stock opened at $156.23 on Tuesday. The business’s fifty day simple moving average is $180.70 and its 200 day simple moving average is $178.70. 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 12 month low of $148.20 and a 12 month high of $208.70. The firm has a market capitalization of $1.90 trillion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping 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 business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Activity

In other Alphabet 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 29,066 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. The trade was a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,992 shares of company stock valued at $16,093,773 in the last three months. Company 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.