Dunhill Financial LLC Has $1.44 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Dunhill Financial LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 22.7% during the 4th quarter, Holdings Channel reports. The firm owned 7,587 shares of the information services provider’s stock after acquiring an additional 1,402 shares during the period. Alphabet makes up 0.7% of Dunhill Financial LLC’s holdings, making the stock its 23rd biggest holding. Dunhill Financial LLC’s holdings in Alphabet were worth $1,436,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. FMR LLC raised its stake in Alphabet by 9.8% during the 4th quarter. FMR LLC now owns 248,416,916 shares of the information services provider’s stock worth $47,025,322,000 after buying an additional 22,100,902 shares during the period. Norges Bank acquired a new stake in shares of Alphabet during the fourth quarter worth about $24,383,677,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Alphabet by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,638,127 shares of the information services provider’s stock valued at $18,672,198,000 after purchasing an additional 7,574,417 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Alphabet by 16.2% during the 4th quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider’s stock valued at $13,635,878,000 after purchasing an additional 10,037,685 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Alphabet by 17.0% in the 4th quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider’s stock valued at $13,178,470,000 after purchasing an additional 10,135,430 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares of the company’s stock, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 673 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the transaction, the chief accounting officer now directly owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. The trade was a 4.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,824 shares of company stock worth $25,086,603 in the last ninety days. 11.55% of the stock is owned by insiders.

Alphabet Trading Down 0.6 %

Shares of Alphabet stock opened at $163.23 on Wednesday. The firm’s 50-day moving average price is $159.92 and its two-hundred day moving average price is $175.42. The company has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.34 and a beta of 1.01. 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 12-month low of $140.53 and a 12-month high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the business posted $1.89 EPS. On average, analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.51%. This is a boost from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s payout ratio is 9.36%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GOOGL. Truist Financial cut their price target on shares of Alphabet from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Morgan Stanley cut their price objective on shares of Alphabet from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Sanford C. Bernstein increased their target price on Alphabet from $165.00 to $185.00 and gave the stock a “market perform” rating in a report on Friday, April 25th. UBS Group set a $195.00 price target on Alphabet in a report on Friday, April 25th. Finally, Oppenheimer increased their price objective on Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $199.46.

Alphabet Company 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.