Frontier Asset Management LLC Has $301,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Frontier Asset Management LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 28.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,592 shares of the information services provider’s stock after acquiring an additional 352 shares during the period. Frontier Asset Management LLC’s holdings in Alphabet were worth $301,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Argentarii LLC bought a new position in shares of Alphabet during the 4th quarter valued at about $7,883,000. Jackson Hole Capital Partners LLC increased its position in shares of Alphabet by 1.0% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 12,804 shares of the information services provider’s stock worth $2,424,000 after purchasing an additional 122 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Alphabet during the 4th quarter worth approximately $204,047,000. Kendall Capital Management increased its holdings in shares of Alphabet by 12.0% during the 4th quarter. Kendall Capital Management now owns 18,595 shares of the information services provider’s stock worth $3,520,000 after acquiring an additional 1,995 shares during the last quarter. Finally, Coordinated Financial Services Inc. bought a new stake in Alphabet in the 4th quarter valued at $552,000. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the subject of a number of recent analyst reports. DZ Bank downgraded Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price for the company. in a research report on Thursday, February 6th. Stifel Nicolaus increased their price target on Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Wells Fargo & Company upped their target price on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Rosenblatt Securities reiterated a “neutral” rating and issued a $205.00 price target on shares of Alphabet in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Ten research 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’s stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.59.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on 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 owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,048 shares of company stock valued at $17,374,274 in the last 90 days. Insiders own 11.55% of the company’s stock.

Alphabet Price Performance

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 business has a 50-day simple moving average of $182.57 and a 200 day simple moving average of $176.38. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.00 trillion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

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.