Windmill Hill Asset Management Ltd Trims Position in Alphabet Inc. (NASDAQ:GOOGL)

Windmill Hill Asset Management Ltd reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 41.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,304 shares of the information services provider’s stock after selling 32,860 shares during the quarter. Alphabet makes up about 2.5% of Windmill Hill Asset Management Ltd’s investment portfolio, making the stock its 4th biggest holding. Windmill Hill Asset Management Ltd’s holdings in Alphabet were worth $6,989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. M. Kraus & Co lifted its stake in Alphabet by 1.1% in the first quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock valued at $946,000 after buying an additional 66 shares in the last quarter. Wynn Capital LLC lifted its position in Alphabet by 3.9% in the 1st quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock valued at $267,000 after acquiring an additional 67 shares in the last quarter. Aire Advisors LLC boosted its stake in Alphabet by 0.6% in the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock worth $1,645,000 after purchasing an additional 68 shares during the period. Henrickson Nauta Wealth Advisors Inc. increased its holdings in Alphabet by 2.1% during the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock worth $511,000 after purchasing an additional 68 shares in the last quarter. Finally, Penbrook Management LLC raised its stake in shares of Alphabet by 0.3% in the 1st quarter. Penbrook Management LLC now owns 23,170 shares of the information services provider’s stock valued at $3,497,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock traded up $15.95 on Friday, hitting $171.95. The stock had a trading volume of 64,665,299 shares, compared to its average volume of 25,802,202. The stock has a market cap of $2.14 trillion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $103.54 and a twelve month high of $174.71. The business’s 50 day moving average is $147.85 and its two-hundred day moving average is $141.39.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. The firm had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. During the same period in the prior year, the firm posted $1.05 EPS. Analysts forecast that Alphabet Inc. will post 6.79 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GOOGL. Barclays upped their price objective on Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley raised their price target on shares of Alphabet from $165.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday. Oppenheimer lifted their price objective on shares of Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday. Citigroup increased their target price on shares of Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Finally, JMP Securities boosted their price target on shares of Alphabet from $160.00 to $200.00 and gave the stock a “market outperform” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $187.82.

Insider Buying and Selling at Alphabet

In related news, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at $243,854,485.32. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the transaction, the chief financial officer now owns 1,777,106 shares in the company, valued at $243,854,485.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the sale, the director now directly owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The disclosure for this sale can be found here. Insiders sold 253,439 shares of company stock valued at $36,746,578 in the last quarter. Company insiders own 0.88% of the company’s stock.

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.