Alphabet Inc. $GOOGL Shares Acquired by Rothschild Wealth LLC

Rothschild Wealth LLC grew its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 120.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,787 shares of the information services provider’s stock after acquiring an additional 10,282 shares during the quarter. Rothschild Wealth LLC’s holdings in Alphabet were worth $5,881,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. PMV Capital Advisers LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $38,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth $38,000. Bard Associates Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth $52,000. Kentucky Trust Co lifted its holdings in shares of Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after purchasing an additional 100 shares during the period. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Alphabet during the third quarter worth $53,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the transaction, the director owned 18,721 shares of the company’s stock, valued at approximately $7,132,701. This represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 159,466 shares of company stock valued at $6,957,543. Company insiders own 11.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $445.00 price target (up from $425.00) on shares of Alphabet in a report on Monday, June 1st. Bank of America increased their price target on Alphabet from $370.00 to $430.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Susquehanna reaffirmed a “positive” rating and set a $460.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Roth Mkm reaffirmed a “buy” rating on shares of Alphabet in a report on Thursday, April 30th. Finally, BMO Capital Markets increased their price target on Alphabet from $410.00 to $435.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $413.13.

Get Our Latest Stock Analysis on GOOGL

Trending Headlines about Alphabet

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Alphabet Trading Up 1.1%

Shares of GOOGL stock opened at $373.25 on Wednesday. Alphabet Inc. has a fifty-two week low of $162.00 and a fifty-two week high of $408.61. The stock has a market cap of $4.52 trillion, a P/E ratio of 28.47, a P/E/G ratio of 1.58 and a beta of 1.23. The business has a fifty day simple moving average of $363.48 and a 200-day simple moving average of $331.04. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. On average, analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a $0.22 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is 6.71%.

Alphabet Company 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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