Peregrine Asset Advisers Inc. Has $5.14 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Peregrine Asset Advisers Inc. boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 68.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,174 shares of the information services provider’s stock after buying an additional 11,061 shares during the quarter. Alphabet makes up approximately 1.9% of Peregrine Asset Advisers Inc.’s holdings, making the stock its 14th largest holding. Peregrine Asset Advisers Inc.’s holdings in Alphabet were worth $5,144,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Compass Planning Associates Inc acquired a new position in shares of Alphabet in the 4th quarter valued at $30,000. LMR Partners LLP acquired a new position in shares of Alphabet in the 3rd quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $39,000. Finally, PayPay Securities Corp lifted its stake in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on GOOGL. Stifel Nicolaus upped their price objective on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 13th. JMP Securities restated a “market perform” rating on shares of Alphabet in a research report on Wednesday, February 5th. Bank of America restated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. DA Davidson upped their price objective on shares of Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company upped their price objective on shares of Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Ten 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 data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $210.62.

Alphabet Trading Down 0.4 %

Shares of GOOGL stock opened at $172.35 on Friday. The firm has a 50 day moving average price of $188.59 and a two-hundred day moving average price of $176.35. 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 $2.10 trillion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a 12-month low of $131.61 and a 12-month high of $207.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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 predict 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. Stockholders of record on Monday, March 10th will be given a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet’s payout ratio is 9.94%.

Insider Activity

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, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares in the company, valued at $265,914,995.28. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,316 shares of company stock worth $25,062,887. Corporate insiders own 11.55% of the company’s stock.

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.