Ceera Investments LLC Has $9.71 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Ceera Investments LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,317 shares of the information services provider’s stock after selling 380 shares during the quarter. Alphabet comprises approximately 3.3% of Ceera Investments LLC’s investment portfolio, making the stock its 3rd largest position. Ceera Investments LLC’s holdings in Alphabet were worth $9,714,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new stake in shares of Alphabet in the 4th quarter valued at $30,000. LMR Partners LLP bought a new stake in shares of Alphabet in the 3rd quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. increased 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 acquiring an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at $39,000. Finally, PayPay Securities Corp increased 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 acquiring an additional 65 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GOOGL shares. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley lowered their price objective on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus lifted their price objective on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Roth Mkm reissued a “buy” rating and issued a $220.00 price target on shares of Alphabet in a research report on Wednesday. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $205.00 price target on shares of Alphabet in a research report on Wednesday. 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $210.59.

Alphabet Trading Up 0.7 %

Shares of Alphabet stock opened at $163.99 on Friday. Alphabet Inc. has a 52-week low of $147.22 and a 52-week high of $207.05. The stock’s 50-day simple moving average is $182.57 and its 200 day simple moving average is $176.38. The stock has a market capitalization of $2.00 trillion, a P/E ratio of 20.37, a P/E/G 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 announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

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.