Consolidated Portfolio Review Corp Acquires 3,385 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Consolidated Portfolio Review Corp lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,850 shares of the information services provider’s stock after purchasing an additional 3,385 shares during the period. Consolidated Portfolio Review Corp’s holdings in Alphabet were worth $2,243,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. boosted its stake in shares of Alphabet by 4.9% during the fourth quarter. Oakworth Capital Inc. now owns 23,677 shares of the information services provider’s stock valued at $4,482,000 after purchasing an additional 1,108 shares in the last quarter. McHugh Group LLC purchased a new stake in Alphabet during the fourth quarter worth $3,142,000. Buck Wealth Strategies LLC boosted its position in Alphabet by 33.4% during the 4th quarter. Buck Wealth Strategies LLC now owns 62,907 shares of the information services provider’s stock valued at $11,908,000 after acquiring an additional 15,763 shares in the last quarter. Silver Oak Securities Incorporated increased its holdings in shares of Alphabet by 36.7% in the 4th quarter. Silver Oak Securities Incorporated now owns 26,695 shares of the information services provider’s stock valued at $5,105,000 after acquiring an additional 7,171 shares during the period. Finally, Geneva Partners LLC raised its position in shares of Alphabet by 1.5% in the 4th quarter. Geneva Partners LLC now owns 64,081 shares of the information services provider’s stock worth $12,130,000 after acquiring an additional 955 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Down 0.5 %

Shares of GOOGL opened at $185.23 on Monday. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The stock has a fifty day moving average of $192.85 and a two-hundred day moving average of $175.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.95 and a current ratio of 1.84. The company has a market capitalization of $2.27 trillion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99.

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

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors 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%.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total value of $3,975,075.00. Following the completion of the transaction, the chief executive officer now owns 2,061,806 shares of the company’s stock, valued at $364,259,266.02. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,529 shares of company stock worth $16,600,078. 11.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. China Renaissance upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Citigroup lowered their target price on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Loop Capital upped their price target on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley lowered their price objective on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $210.62.

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.