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

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

Several other hedge funds have also recently added to or reduced their stakes in the business. Regatta Capital Group LLC grew its holdings in Alphabet by 0.9% in the 4th quarter. Regatta Capital Group LLC now owns 73,373 shares of the information services provider’s stock valued at $22,966,000 after buying an additional 651 shares during the last quarter. Well Done LLC increased its position in Alphabet by 93.3% in the 4th quarter. Well Done LLC now owns 4,546 shares of the information services provider’s stock worth $1,423,000 after buying an additional 2,194 shares during the period. Argentarii LLC lifted its holdings in shares of Alphabet by 29.2% during the fourth quarter. Argentarii LLC now owns 53,383 shares of the information services provider’s stock worth $16,709,000 after buying an additional 12,065 shares during the last quarter. Define Financial LLC acquired a new position in shares of Alphabet during the fourth quarter worth approximately $270,000. Finally, Signal Advisors Wealth LLC boosted its position in shares of Alphabet by 5.5% in the fourth quarter. Signal Advisors Wealth LLC now owns 47,354 shares of the information services provider’s stock valued at $14,822,000 after acquiring an additional 2,468 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 955 shares of Alphabet stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer directly owned 9,918 shares of the company’s stock, valued at $2,955,564. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 47,574 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the transaction, the insider owned 13,227 shares in the company, valued at approximately $3,987,279.15. This trade represents a 78.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 2,092,234 shares of company stock valued at $112,487,971. Insiders own 11.55% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $370.00 target price on shares of Alphabet in a research report on Thursday, February 5th. The Goldman Sachs Group reissued a “buy” rating and issued a $375.00 price target (up from $330.00) on shares of Alphabet in a report on Tuesday, January 13th. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Monday, February 9th. Tigress Financial set a $415.00 price objective on shares of Alphabet and gave the stock a “strong-buy” rating in a report on Thursday, February 19th. Finally, Argus upped their price objective on shares of Alphabet from $365.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $368.06.

Check Out Our Latest Report on Alphabet

Alphabet Price Performance

NASDAQ:GOOGL opened at $287.56 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.48 trillion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $349.00. The company’s 50-day moving average price is $311.25 and its two-hundred day moving average price is $295.96.

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

Alphabet Announces Dividend

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

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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