Nelson Capital Management LLC Acquires 1,043 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Nelson Capital Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 22.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,605 shares of the information services provider’s stock after purchasing an additional 1,043 shares during the quarter. Nelson Capital Management LLC’s holdings in Alphabet were worth $1,061,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Kellett Wealth Advisors LLC boosted its holdings in shares of Alphabet by 5.1% in the 4th quarter. Kellett Wealth Advisors LLC now owns 2,868 shares of the information services provider’s stock valued at $543,000 after buying an additional 140 shares during the last quarter. Fjell Capital LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $2,041,000. Sitrin Capital Management LLC lifted its holdings in Alphabet by 1.1% during the 4th quarter. Sitrin Capital Management LLC now owns 39,811 shares of the information services provider’s stock valued at $7,536,000 after purchasing an additional 441 shares during the last quarter. Advisor OS LLC lifted its holdings in Alphabet by 5.0% during the 4th quarter. Advisor OS LLC now owns 35,178 shares of the information services provider’s stock valued at $6,659,000 after purchasing an additional 1,660 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. lifted its holdings in Alphabet by 1.3% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 8,300 shares of the information services provider’s stock valued at $1,571,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup cut their price target on Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $210.00 price target on shares of Alphabet in a report on Thursday, December 12th. Cantor Fitzgerald lowered their price objective on Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Robert W. Baird reiterated an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. Finally, Piper Sandler lowered their price objective on Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $210.62.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,374 shares of Alphabet stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the transaction, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at $2,606,213.28. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ruth Porat sold 17,690 shares of Alphabet stock in a transaction dated 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 directly owns 1,449,286 shares of the company’s stock, 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 97,182 shares of company stock valued at $18,192,354 over the last ninety days. 11.55% of the stock is owned by insiders.

Alphabet Trading Down 1.1 %

Shares of Alphabet stock opened at $164.04 on Wednesday. The company’s fifty day simple moving average is $187.20 and its 200-day simple moving average is $176.55. The company has a market cap of $2.00 trillion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.34 and a beta of 1.02. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1 year low of $137.03 and a 1 year high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued 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 return on equity of 32.49% and a net margin of 28.60%. As a group, sell-side analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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 issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. Alphabet’s dividend payout ratio is 9.94%.

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.