Wynn Capital LLC Has $4.64 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Wynn Capital LLC lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 1.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 29,712 shares of the information services provider’s stock after acquiring an additional 403 shares during the period. Alphabet comprises 2.8% of Wynn Capital LLC’s investment portfolio, making the stock its 6th largest holding. Wynn Capital LLC’s holdings in Alphabet were worth $4,642,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC lifted its holdings in Alphabet by 9.3% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 28,044 shares of the information services provider’s stock valued at $5,341,000 after buying an additional 2,390 shares in the last quarter. LaFleur & Godfrey LLC lifted its holdings in Alphabet by 1.2% during the 4th quarter. LaFleur & Godfrey LLC now owns 31,967 shares of the information services provider’s stock valued at $6,088,000 after buying an additional 380 shares in the last quarter. Brighton Jones LLC lifted its holdings in Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after buying an additional 6,410 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Alphabet during the 4th quarter valued at about $204,262,000. Finally, Ascent Wealth Partners LLC lifted its holdings in Alphabet by 246.2% during the 4th quarter. Ascent Wealth Partners LLC now owns 5,698 shares of the information services provider’s stock valued at $1,085,000 after buying an additional 4,052 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GOOG shares. Tigress Financial reiterated a “strong-buy” rating on shares of Alphabet in a report on Friday, May 2nd. Westpark Capital restated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Friday, April 25th. Rosenblatt Securities upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. UBS Group reduced their price target on shares of Alphabet from $209.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $220.00 price target on shares of Alphabet in a report on Monday, June 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $204.88.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $168.71, for a total transaction of $5,483,075.00. Following the sale, the chief executive officer now owns 2,587,696 shares of the company’s stock, valued at approximately $436,570,192.16. The trade was a 1.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 673 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the sale, the chief accounting officer now directly owns 15,303 shares in the company, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,770 shares of company stock valued at $32,036,638. Insiders own 12.99% of the company’s stock.

Alphabet Stock Up 3.0%

Shares of Alphabet stock opened at $174.92 on Friday. The firm’s 50 day moving average price is $161.88 and its 200-day moving average price is $176.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The company has a market cap of $2.12 trillion, a P/E ratio of 21.73, a PEG ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. The company had revenue of $90.23 billion for the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Alphabet’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, June 9th. This is an increase from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s payout ratio is currently 9.36%.

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.