MassMutual Private Wealth & Trust FSB grew its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 363,637 shares of the information services provider’s stock after purchasing an additional 2,467 shares during the quarter. Alphabet comprises approximately 1.9% of MassMutual Private Wealth & Trust FSB’s investment portfolio, making the stock its 9th biggest position. MassMutual Private Wealth & Trust FSB’s holdings in Alphabet were worth $68,836,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. LMR Partners LLP bought a new position in shares of Alphabet during the third quarter worth approximately $32,000. Denver PWM LLC grew its position in Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after buying an additional 57 shares in the last quarter. Quarry LP bought a new position in Alphabet during the 2nd quarter worth $53,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Alphabet during the 3rd quarter valued at $66,000. Finally, Mendota Financial Group LLC grew its holdings in shares of Alphabet by 19.0% during the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on GOOGL. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 price target on shares of Alphabet in a report on Tuesday, December 10th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Wednesday, October 30th. Sanford C. Bernstein upped their target price on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Finally, Wolfe Research lifted their price target on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.44.
Alphabet Price Performance
Alphabet stock opened at $200.21 on Friday. The stock has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.27 and a beta of 0.98. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $202.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock’s 50 day moving average price is $185.91 and its two-hundred day moving average price is $173.72.
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. On average, equities analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current year.
Alphabet Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s payout ratio is 10.61%.
Insider Buying and Selling
In other news, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the transaction, the chief accounting officer now directly owns 17,847 shares in the company, valued at $3,468,029.04. This trade represents a 13.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,387 shares of company stock valued at $24,368,654. 11.55% of the stock is owned by company insiders.
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.
Further Reading
- Five stocks we like better than Alphabet
- 3 Stocks to Consider Buying in October
- Why Energy Transfer Stock Could Soar to New Highs in 2025
- Do ETFs Pay Dividends? What You Need to Know
- 3 Buy-and-Hold Stocks for Long-Term Growth
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Despite Short-Term Risks Freeport McMoran Worth a Look
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.