Alphabet Inc. (NASDAQ:GOOGL) is Tevis Investment Management’s 10th Largest Position

Tevis Investment Management boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,372 shares of the information services provider’s stock after buying an additional 343 shares during the period. Alphabet makes up 2.2% of Tevis Investment Management’s investment portfolio, making the stock its 10th biggest holding. Tevis Investment Management’s holdings in Alphabet were worth $2,910,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GOOGL. Orca Investment Management LLC grew its position in shares of Alphabet by 2.1% during the 3rd quarter. Orca Investment Management LLC now owns 17,888 shares of the information services provider’s stock valued at $2,967,000 after purchasing an additional 366 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Alphabet by 14.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,509 shares of the information services provider’s stock worth $1,743,000 after acquiring an additional 1,288 shares during the last quarter. Accelerate Investment Advisors LLC bought a new stake in shares of Alphabet during the 3rd quarter worth $439,000. Procyon Advisors LLC lifted its holdings in shares of Alphabet by 13.5% during the 3rd quarter. Procyon Advisors LLC now owns 147,294 shares of the information services provider’s stock worth $24,418,000 after acquiring an additional 17,465 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in shares of Alphabet during the 3rd quarter worth $464,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. China Renaissance raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Pivotal Research boosted their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, DZ Bank downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target for the company. in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $210.62.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,919 shares of company stock worth $18,528,318. Corporate insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $185.19 on Thursday. The stock has a market cap of $2.26 trillion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.35 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The firm’s 50-day simple moving average is $192.81 and its two-hundred day simple moving average is $175.49.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping 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%. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. Alphabet’s dividend payout ratio is presently 9.94%.

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.