West Coast Financial LLC Has $20.24 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

West Coast Financial LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,101 shares of the information services provider’s stock after acquiring an additional 2,437 shares during the quarter. Alphabet comprises about 2.5% of West Coast Financial LLC’s holdings, making the stock its 8th biggest holding. West Coast Financial LLC’s holdings in Alphabet were worth $20,240,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GOOGL. Norges Bank bought a new stake in Alphabet during the fourth quarter valued at approximately $15,441,917,000. Vanguard Group Inc. raised its stake in shares of Alphabet by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 493,810,251 shares of the information services provider’s stock worth $68,980,354,000 after acquiring an additional 6,374,756 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Alphabet by 39,754.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 6,025,667 shares of the information services provider’s stock worth $841,725,000 after acquiring an additional 6,010,548 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Alphabet by 4,894.1% during the fourth quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock worth $7,606,670,000 after acquiring an additional 5,336,359 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Alphabet during the third quarter worth approximately $601,545,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Down 0.1 %

NASDAQ:GOOGL opened at $183.88 on Thursday. The firm’s 50-day moving average price is $171.13 and its 200-day moving average price is $153.36. The company has a market capitalization of $2.27 trillion, a PE ratio of 28.20, a P/E/G ratio of 1.38 and a beta of 1.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. Alphabet Inc. has a 1-year low of $115.35 and a 1-year high of $184.51.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same period in the prior year, the firm posted $1.17 EPS. On average, equities analysts predict that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating and set a $195.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. Loop Capital lifted their price target on shares of Alphabet from $155.00 to $170.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. JMP Securities reissued a “market outperform” rating and set a $200.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. Evercore ISI lifted their price target on shares of Alphabet from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 11th. Finally, Oppenheimer lifted their target price on shares of Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $193.69.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the sale, the chief executive officer now owns 2,325,513 shares of the company’s stock, valued at approximately $362,012,608.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,284 shares of company stock valued at $24,534,393. 11.55% of the stock is owned by 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.