Van Hulzen Asset Management LLC Has $51.12 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Van Hulzen Asset Management LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 11.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 280,662 shares of the information services provider’s stock after selling 35,318 shares during the quarter. Alphabet comprises 3.4% of Van Hulzen Asset Management LLC’s portfolio, making the stock its 4th largest position. Van Hulzen Asset Management LLC’s holdings in Alphabet were worth $51,123,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. TrinityPoint Wealth LLC lifted its position in shares of Alphabet by 1.6% during the 4th quarter. TrinityPoint Wealth LLC now owns 59,125 shares of the information services provider’s stock valued at $8,259,000 after acquiring an additional 907 shares during the last quarter. Seven Mile Advisory lifted its holdings in shares of Alphabet by 4.0% during the fourth quarter. Seven Mile Advisory now owns 11,553 shares of the information services provider’s stock valued at $1,614,000 after purchasing an additional 448 shares during the last quarter. Abbot Financial Management Inc. boosted its position in shares of Alphabet by 3.3% in the 4th quarter. Abbot Financial Management Inc. now owns 35,612 shares of the information services provider’s stock valued at $4,975,000 after purchasing an additional 1,132 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Alphabet by 4.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 97,230 shares of the information services provider’s stock valued at $13,582,000 after purchasing an additional 4,163 shares during the period. Finally, Giverny Capital Inc. increased its stake in Alphabet by 19.3% in the 4th quarter. Giverny Capital Inc. now owns 279,386 shares of the information services provider’s stock worth $39,027,000 after purchasing an additional 45,262 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $222.00 price objective on shares of Alphabet in a research note on Monday, September 16th. TD Securities raised their target price on Alphabet from $200.00 to $220.00 in a research report on Wednesday, July 10th. Bank of America upped their price target on shares of Alphabet from $200.00 to $206.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $200.00 to $208.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Mizuho lifted their target price on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $201.08.

Insider Activity

In related news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $185.85, for a total value of $278,775.00. Following the transaction, the director now directly owns 30,824 shares of the company’s stock, valued at $5,728,640.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Friday, July 12th. The shares were sold at an average price of $185.85, for a total transaction of $278,775.00. Following the transaction, the director now owns 30,824 shares in the company, valued at $5,728,640.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 3,262 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $183.99, for a total transaction of $600,175.38. Following the sale, the senior vice president now directly owns 9 shares of the company’s stock, valued at approximately $1,655.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,867 shares of company stock valued at $29,878,106. 11.55% of the stock is owned by insiders.

Alphabet Stock Up 0.3 %

NASDAQ GOOGL opened at $162.29 on Wednesday. The stock has a fifty day moving average of $163.80 and a 200-day moving average of $166.17. Alphabet Inc. has a 52 week low of $120.21 and a 52 week high of $191.75. The stock has a market capitalization of $2.01 trillion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same period last year, the company posted $1.44 EPS. On average, equities research analysts forecast that Alphabet Inc. will post 7.64 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued a $0.20 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. Alphabet’s dividend payout ratio is currently 12.27%.

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.