CKW Financial Group Has $2.15 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

CKW Financial Group raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,830 shares of the information services provider’s stock after purchasing an additional 760 shares during the period. Alphabet makes up approximately 0.3% of CKW Financial Group’s investment portfolio, making the stock its 17th biggest position. CKW Financial Group’s holdings in Alphabet were worth $2,150,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GOOGL. RWQ Financial Management Services Inc. grew its stake in shares of Alphabet by 8.2% during the fourth quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock worth $8,591,000 after buying an additional 4,664 shares during the last quarter. Ballast Advisors LLC grew its stake in shares of Alphabet by 9.6% during the third quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock worth $2,061,000 after buying an additional 1,385 shares during the last quarter. Quantum Financial Advisors LLC grew its stake in shares of Alphabet by 8.0% during the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after buying an additional 564 shares during the last quarter. Colton Groome Financial Advisors LLC grew its stake in shares of Alphabet by 3.8% in the fourth quarter. Colton Groome Financial Advisors LLC now owns 2,700 shares of the information services provider’s stock worth $377,000 after purchasing an additional 100 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Alphabet by 2.4% in the third quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock worth $577,908,000 after purchasing an additional 104,366 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of Alphabet stock traded up $15.95 on Friday, reaching $171.95. 64,665,299 shares of the company traded hands, compared to its average volume of 25,802,202. Alphabet Inc. has a 52 week low of $103.54 and a 52 week high of $174.71. The company has a 50 day moving average of $147.85 and a 200 day moving average of $141.42. The firm has a market capitalization of $2.14 trillion, a PE ratio of 26.37, a PEG ratio of 1.58 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. During the same period in the prior year, the firm earned $1.05 EPS. Equities analysts forecast that Alphabet Inc. will post 6.82 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, June 10th.

Insider Buying and Selling

In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the sale, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the sale, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the sale, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 253,439 shares of company stock valued at $36,746,578. Company insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on GOOGL. KeyCorp boosted their price objective on shares of Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Mizuho boosted their price objective on shares of Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. Needham & Company LLC boosted their target price on shares of Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a report on Friday. BMO Capital Markets boosted their target price on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $187.82.

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.