Alphabet Inc. (NASDAQ:GOOGL) is Lederer & Associates Investment Counsel CA’s 4th Largest Position

Lederer & Associates Investment Counsel CA reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,258 shares of the information services provider’s stock after selling 549 shares during the quarter. Alphabet accounts for 3.7% of Lederer & Associates Investment Counsel CA’s investment portfolio, making the stock its 4th biggest holding. Lederer & Associates Investment Counsel CA’s holdings in Alphabet were worth $5,349,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Czech National Bank boosted its holdings in Alphabet by 6.6% in the 3rd quarter. Czech National Bank now owns 1,193,541 shares of the information services provider’s stock valued at $197,949,000 after purchasing an additional 74,225 shares in the last quarter. Eclectic Associates Inc. ADV lifted its holdings in shares of Alphabet by 16.2% in the 3rd quarter. Eclectic Associates Inc. ADV now owns 1,539 shares of the information services provider’s stock valued at $255,000 after buying an additional 215 shares during the period. Central Valley Advisors LLC boosted its stake in shares of Alphabet by 4.4% in the third quarter. Central Valley Advisors LLC now owns 19,110 shares of the information services provider’s stock valued at $3,170,000 after buying an additional 808 shares in the last quarter. Trivant Custom Portfolio Group LLC grew its holdings in Alphabet by 0.4% during the third quarter. Trivant Custom Portfolio Group LLC now owns 31,544 shares of the information services provider’s stock worth $5,232,000 after acquiring an additional 134 shares during the period. Finally, Quent Capital LLC raised its position in Alphabet by 3.0% in the third quarter. Quent Capital LLC now owns 32,954 shares of the information services provider’s stock worth $5,458,000 after acquiring an additional 969 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Loop Capital boosted their target price on shares of Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. BMO Capital Markets reissued an “outperform” rating and set a $217.00 price objective (up previously from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Wedbush increased their target price on shares of Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Evercore ISI boosted their price target on Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, KeyCorp raised their price objective on Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $210.62.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total transaction of $3,975,075.00. Following the transaction, the chief executive officer now owns 2,061,806 shares in the company, valued at $364,259,266.02. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,529 shares of company stock worth $16,600,078 over the last ninety days. 11.55% of the stock is owned by company insiders.

Alphabet Trading Down 0.6 %

Shares of GOOGL opened at $185.32 on Wednesday. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $207.05. The firm has a market capitalization of $2.27 trillion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. The company has a current ratio of 1.84, a quick ratio of 1.95 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $191.90 and its 200 day simple moving average is $174.76.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, equities research analysts forecast that Alphabet Inc. will post 8.91 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

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.