Ellerson Group Inc. ADV Has $610,000 Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Ellerson Group Inc. ADV lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 7.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,220 shares of the information services provider’s stock after selling 261 shares during the quarter. Ellerson Group Inc. ADV’s holdings in Alphabet were worth $610,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pettinga Financial Advisors LLC grew its holdings in shares of Alphabet by 10.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock valued at $363,000 after acquiring an additional 201 shares in the last quarter. Impax Asset Management Group plc lifted its position in Alphabet by 6.8% during the third quarter. Impax Asset Management Group plc now owns 728,575 shares of the information services provider’s stock worth $120,834,000 after acquiring an additional 46,677 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Alphabet by 3.1% in the third quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock valued at $1,871,384,000 after buying an additional 337,031 shares in the last quarter. Lewis Asset Management LLC raised its position in shares of Alphabet by 6.8% in the third quarter. Lewis Asset Management LLC now owns 9,371 shares of the information services provider’s stock valued at $1,554,000 after buying an additional 600 shares in the last quarter. Finally, Vista Capital Partners Inc. raised its position in Alphabet by 42.8% during the third quarter. Vista Capital Partners Inc. now owns 3,889 shares of the information services provider’s stock valued at $645,000 after purchasing an additional 1,165 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,368 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock worth $17,374,274 over the last 90 days. 11.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of research reports. Wedbush boosted their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Morgan Stanley dropped their target price on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Roth Mkm reiterated a “buy” rating and set a $220.00 price objective on shares of Alphabet in a report on Wednesday. Rosenblatt Securities restated a “neutral” rating and issued a $205.00 target price on shares of Alphabet in a report on Wednesday. Finally, Piper Sandler reduced their price objective on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $210.59.

Alphabet Stock Performance

NASDAQ GOOGL 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 company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company 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 fifty day moving average of $182.57 and a 200-day moving average of $176.38.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. As a group, equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date 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.