Lincluden Management Ltd. Cuts Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Lincluden Management Ltd. lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,971 shares of the information services provider’s stock after selling 233 shares during the quarter. Alphabet comprises 1.1% of Lincluden Management Ltd.’s holdings, making the stock its 21st biggest position. Lincluden Management Ltd.’s holdings in Alphabet were worth $9,460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pettinga Financial Advisors LLC boosted its stake in Alphabet by 10.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock worth $363,000 after purchasing an additional 201 shares in the last quarter. Asahi Life Asset Management CO. LTD. grew its holdings in shares of Alphabet by 4.2% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 24,775 shares of the information services provider’s stock valued at $4,109,000 after buying an additional 990 shares during the last quarter. Investment Partners Asset Management Inc. grew its holdings in shares of Alphabet by 0.7% during the third quarter. Investment Partners Asset Management Inc. now owns 16,781 shares of the information services provider’s stock valued at $2,783,000 after buying an additional 111 shares during the last quarter. Concord Wealth Partners increased its position in shares of Alphabet by 22.1% in the 3rd quarter. Concord Wealth Partners now owns 36,853 shares of the information services provider’s stock valued at $6,112,000 after acquiring an additional 6,664 shares during the period. Finally, Vima LLC raised its stake in Alphabet by 23.9% in the 3rd quarter. Vima LLC now owns 1,450 shares of the information services provider’s stock worth $241,000 after acquiring an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the sale, the director now owns 282,832 shares in the company, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now owns 1,449,286 shares in the company, valued at $265,914,995.28. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,316 shares of company stock worth $25,062,887 over the last ninety days. Corporate insiders own 11.55% of the company’s stock.

Alphabet Trading Up 0.9 %

Shares of GOOGL stock opened at $173.86 on Monday. Alphabet Inc. has a fifty-two week low of $134.00 and a fifty-two week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock’s fifty day moving average is $188.21 and its two-hundred day moving average is $176.54. The firm has a market capitalization of $2.12 trillion, a P/E ratio of 21.60, a PEG ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business 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. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Analyst Ratings Changes

GOOGL has been the topic of several research analyst reports. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research report on Wednesday, February 5th. DA Davidson raised their price target on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. The Goldman Sachs Group restated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Finally, Wolfe Research increased their price objective on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.