Alphabet Inc. (NASDAQ:GOOGL) is Woodson Capital Management LP’s 3rd Largest Position

Woodson Capital Management LP increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 21.7% in the 4th quarter, Holdings Channel reports. The fund owned 320,000 shares of the information services provider’s stock after buying an additional 57,000 shares during the quarter. Alphabet comprises about 9.2% of Woodson Capital Management LP’s holdings, making the stock its 3rd largest position. Woodson Capital Management LP’s holdings in Alphabet were worth $44,701,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Aire Advisors LLC grew its stake in shares of 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 buying an additional 68 shares in the last quarter. Defined Wealth Management LLC grew its stake in shares of Alphabet by 2.9% in the 4th quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after buying an additional 71 shares in the last quarter. WealthCare Investment Partners LLC boosted its stake in shares of Alphabet by 2.1% during the 4th quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock worth $482,000 after purchasing an additional 71 shares during the period. Peoples Financial Services CORP. boosted its stake in shares of Alphabet by 0.4% during the 4th quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock worth $2,331,000 after purchasing an additional 72 shares during the period. Finally, RAM Investment Partners LLC boosted its stake in shares of Alphabet by 1.0% during the 4th quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock worth $1,055,000 after purchasing an additional 73 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GOOGL has been the subject of a number of recent analyst reports. Citigroup lifted their price target on shares of Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Argus lifted their price target on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Wells Fargo & Company lifted their price target on shares of Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Roth Mkm lifted their price target on shares of Alphabet from $164.00 to $202.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $195.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. Five research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $191.57.

Alphabet Stock Up 0.8 %

Shares of NASDAQ GOOGL traded up $1.44 during trading hours on Friday, hitting $174.99. 16,579,438 shares of the stock were exchanged, compared to its average volume of 28,255,708. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.16 trillion, a PE ratio of 26.84, a PEG ratio of 1.30 and a beta of 1.02. The firm has a fifty day moving average price of $160.81 and a 200-day moving average price of $146.81. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $178.77.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter in the previous year, the business posted $1.17 EPS. On average, sell-side analysts expect that Alphabet Inc. will post 7.61 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%.

Insider Buying and Selling

In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the sale, the chief accounting officer now directly owns 28,602 shares in the company, valued at approximately $3,903,886.98. The disclosure for this sale can be found here. Insiders sold a total of 205,935 shares of company stock worth $31,178,987 in the last 90 days. 11.55% of the stock is owned by corporate insiders.

Alphabet 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.