Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Lifted by Mayport LLC

Mayport LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 8.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,969 shares of the information services provider’s stock after buying an additional 300 shares during the quarter. Mayport LLC’s holdings in Alphabet were worth $751,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Keybank National Association OH lifted its position in Alphabet by 1.2% in the 4th quarter. Keybank National Association OH now owns 3,359,455 shares of the information services provider’s stock valued at $635,945,000 after purchasing an additional 40,752 shares during the last quarter. Mason Investment Advisory Services Inc. lifted its position in Alphabet by 4.0% in the 4th quarter. Mason Investment Advisory Services Inc. now owns 2,519 shares of the information services provider’s stock valued at $477,000 after purchasing an additional 96 shares during the last quarter. Cornerstone Investment Partners LLC lifted its position in Alphabet by 0.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 569,833 shares of the information services provider’s stock valued at $107,869,000 after purchasing an additional 2,989 shares during the last quarter. Ring Mountain Capital LLC bought a new stake in Alphabet in the 4th quarter valued at about $5,792,000. Finally, Kapstone Financial Advisors LLC lifted its position in Alphabet by 0.4% in the 4th quarter. Kapstone Financial Advisors LLC now owns 16,919 shares of the information services provider’s stock valued at $3,306,000 after purchasing an additional 72 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Shares of GOOGL opened at $164.29 on Tuesday. The company’s 50 day moving average price is $185.05 and its 200 day moving average price is $176.58. Alphabet Inc. has a 52 week low of $146.08 and a 52 week high of $207.05. The company has a market capitalization of $2.00 trillion, a PE ratio of 20.41, a PEG ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last posted 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%. Research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is 9.94%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. DA Davidson lifted 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. Bank of America restated a “buy” rating and set a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. Cantor Fitzgerald dropped their price target on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their price target on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $210.62.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 1,374 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the sale, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at approximately $2,606,213.28. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now directly owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,048 shares of company stock valued at $17,374,274 over the last ninety days. Corporate insiders own 11.55% of the company’s stock.

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.