Zevin Asset Management LLC Has $20.65 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Zevin Asset Management LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,074 shares of the information services provider’s stock after buying an additional 13,403 shares during the quarter. Alphabet comprises approximately 3.0% of Zevin Asset Management LLC’s investment portfolio, making the stock its 11th biggest position. Zevin Asset Management LLC’s holdings in Alphabet were worth $20,648,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its stake in Alphabet by 15.0% during the fourth quarter. Picton Mahoney Asset Management now owns 124,876 shares of the information services provider’s stock worth $23,641,000 after buying an additional 16,287 shares in the last quarter. United Capital Management of KS Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $7,708,000. Greatmark Investment Partners Inc. increased its stake in Alphabet by 1.6% in the fourth quarter. Greatmark Investment Partners Inc. now owns 6,470 shares of the information services provider’s stock valued at $1,225,000 after acquiring an additional 105 shares during the last quarter. HMV Wealth Advisors LLC acquired a new position in Alphabet during the fourth quarter valued at approximately $1,300,000. Finally, First National Trust Co lifted its stake in Alphabet by 2.2% during the fourth quarter. First National Trust Co now owns 291,637 shares of the information services provider’s stock worth $55,207,000 after purchasing an additional 6,265 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $165.06 on Thursday. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05. The company has a market cap of $2.01 trillion, a PE ratio of 20.50, a P/E/G ratio of 1.34 and a beta of 1.02. The stock has a 50-day moving average of $181.11 and a 200-day moving average of $176.78. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

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

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 1,368 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares of the company’s stock, 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 SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the firm’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 value of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,048 shares of company stock worth $17,374,274. Insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GOOGL shares. The Goldman Sachs Group reissued a “buy” rating and set a $210.00 price target on shares of Alphabet in a report on Thursday, December 12th. Wedbush increased their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Bank of America reaffirmed a “buy” rating and set a $210.00 price target on shares of Alphabet in a report on Monday, December 23rd. Needham & Company LLC reissued a “buy” rating and issued a $225.00 price objective on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 target price on shares of Alphabet in a research note on Tuesday, December 10th. Ten 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $210.59.

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.