Harbour Trust & Investment Management Co Has $5.11 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Harbour Trust & Investment Management Co lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,995 shares of the information services provider’s stock after selling 443 shares during the period. Harbour Trust & Investment Management Co’s holdings in Alphabet were worth $5,110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MFA Wealth Advisors LLC increased its stake in shares of Alphabet by 16.1% in the fourth quarter. MFA Wealth Advisors LLC now owns 21,096 shares of the information services provider’s stock worth $3,993,000 after purchasing an additional 2,922 shares during the period. Canvas Wealth Advisors LLC increased its stake in shares of Alphabet by 0.3% in the fourth quarter. Canvas Wealth Advisors LLC now owns 89,165 shares of the information services provider’s stock worth $16,879,000 after purchasing an additional 306 shares during the period. RAM Investment Partners LLC increased its stake in shares of Alphabet by 7.6% in the fourth quarter. RAM Investment Partners LLC now owns 8,514 shares of the information services provider’s stock worth $1,612,000 after purchasing an additional 605 shares during the period. Angeles Wealth Management LLC increased its stake in shares of Alphabet by 10.8% in the fourth quarter. Angeles Wealth Management LLC now owns 31,893 shares of the information services provider’s stock worth $6,037,000 after purchasing an additional 3,098 shares during the period. Finally, Liberty Capital Management Inc. increased its stake in shares of Alphabet by 1.0% in the fourth quarter. Liberty Capital Management Inc. now owns 61,761 shares of the information services provider’s stock worth $11,691,000 after purchasing an additional 595 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction that occurred on 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 transaction, the director now directly owns 282,832 shares of the company’s stock, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s 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 completion of the sale, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,919 shares of company stock valued at $18,528,318. 11.55% of the stock is currently owned by company insiders.

Alphabet Trading Up 0.8 %

Shares of GOOGL stock opened at $185.19 on Thursday. The firm has a 50 day moving average price of $192.81 and a two-hundred day moving average price of $175.49. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market capitalization 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. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $207.05.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate 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 predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. 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%.

Analysts Set New Price Targets

A number of research firms have recently commented on GOOGL. China Renaissance upgraded Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. DA Davidson boosted their price target on Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Citigroup lowered their price target on Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, Cantor Fitzgerald lowered their price target on Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. Ten equities 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Alphabet Company 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.