Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Bristlecone Advisors LLC

Bristlecone Advisors LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 125,186 shares of the information services provider’s stock after buying an additional 2,841 shares during the quarter. Alphabet comprises about 1.9% of Bristlecone Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Bristlecone Advisors LLC’s holdings in Alphabet were worth $23,698,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Cliftonlarsonallen Wealth Advisors LLC lifted its position in Alphabet by 27.4% during the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 22,355 shares of the information services provider’s stock worth $3,708,000 after acquiring an additional 4,811 shares in the last quarter. Occidental Asset Management LLC boosted its stake in Alphabet by 10.4% during the 3rd quarter. Occidental Asset Management LLC now owns 5,787 shares of the information services provider’s stock valued at $960,000 after acquiring an additional 543 shares during the last quarter. Boomfish Wealth Group LLC grew its stake in Alphabet by 4.8% in the third quarter. Boomfish Wealth Group LLC now owns 2,167 shares of the information services provider’s stock worth $359,000 after purchasing an additional 100 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. grew its position in shares of Alphabet by 1.3% in the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 38,192 shares of the information services provider’s stock worth $6,380,000 after acquiring an additional 506 shares in the last quarter. Finally, TTP Investments Inc. increased its stake in Alphabet by 20.2% during the third quarter. TTP Investments Inc. now owns 17,704 shares of the information services provider’s stock valued at $2,936,000 after purchasing an additional 2,975 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Performance

GOOGL opened at $184.56 on Friday. 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 stock’s 50 day moving average price is $192.67 and its two-hundred day moving average price is $175.55. The firm has a market capitalization of $2.25 trillion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 1.34 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 released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that Alphabet Inc. will post 8.9 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. Investors of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. The trade was a 5.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the sale, the director now owns 282,832 shares in the company, valued at $52,329,576.64. The trade was a 11.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,609 shares of company stock valued at $21,809,990. Corporate insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GOOGL shares. Roth Mkm raised their price target on Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. China Renaissance upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Morgan Stanley dropped their price target on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, DZ Bank cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price for the company. in a report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $210.62.

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.