Bryn Mawr Capital Management LLC Raises Holdings in Alphabet Inc. (NASDAQ:GOOG)

Bryn Mawr Capital Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.1% in the 4th quarter, HoldingsChannel reports. The fund owned 81,046 shares of the information services provider’s stock after buying an additional 4,659 shares during the quarter. Alphabet accounts for 0.8% of Bryn Mawr Capital Management LLC’s portfolio, making the stock its 27th biggest position. Bryn Mawr Capital Management LLC’s holdings in Alphabet were worth $15,434,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Weiss Asset Management LP bought a new position in Alphabet during the 3rd quarter valued at approximately $25,000. Fiduciary Advisors Inc. bought a new position in Alphabet during the 4th quarter valued at approximately $27,000. Safe Harbor Fiduciary LLC bought a new position in Alphabet during the 3rd quarter valued at approximately $33,000. Sanctuary Wealth Management L.L.C. raised its position in Alphabet by 87.3% during the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 117 shares during the last quarter. Finally, FPC Investment Advisory Inc. raised its position in Alphabet by 287.9% during the 4th quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 167 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. Scotiabank increased their target price on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider Ruth Porat sold 17,690 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the sale, the insider now directly owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,309 shares of company stock worth $25,057,490. Insiders own 12.99% of the company’s stock.

Alphabet Stock Up 1.2 %

GOOG stock opened at $172.22 on Friday. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $208.70. 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 firm has a market cap of $2.10 trillion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. The business has a 50 day moving average of $192.17 and a 200 day moving average of $177.73.

Alphabet (NASDAQ:GOOG) last issued its 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%. On average, research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.46%. Alphabet’s dividend payout ratio is 9.94%.

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.