Lingohr Asset Management GmbH Has $823,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Lingohr Asset Management GmbH trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 24.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,302 shares of the information services provider’s stock after selling 1,358 shares during the quarter. Alphabet makes up approximately 1.7% of Lingohr Asset Management GmbH’s portfolio, making the stock its 18th largest position. Lingohr Asset Management GmbH’s holdings in Alphabet were worth $823,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Berkeley Capital Partners LLC lifted its position in shares of Alphabet by 4.9% in the 4th quarter. Berkeley Capital Partners LLC now owns 8,775 shares of the information services provider’s stock valued at $1,661,000 after acquiring an additional 413 shares in the last quarter. Contrarius Group Holdings Ltd purchased a new stake in shares of Alphabet in the fourth quarter valued at $75,838,000. Wilkins Investment Counsel Inc. acquired a new stake in shares of Alphabet in the fourth quarter worth $286,000. Teacher Retirement System of Texas grew its holdings in shares of Alphabet by 25.0% during the fourth quarter. Teacher Retirement System of Texas now owns 3,773,748 shares of the information services provider’s stock valued at $714,370,000 after buying an additional 755,695 shares in the last quarter. Finally, Strategic Financial Services Inc. raised its position in Alphabet by 2.2% during the fourth quarter. Strategic Financial Services Inc. now owns 9,595 shares of the information services provider’s stock valued at $1,816,000 after buying an additional 204 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Bank of America reaffirmed a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Roth Mkm reiterated a “buy” rating and issued a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. KeyCorp lowered their price target on shares of Alphabet from $220.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Finally, Piper Sandler cut their price objective on Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $209.49.

Alphabet Price Performance

Shares of GOOGL stock opened at $154.64 on Tuesday. The company has a market capitalization of $1.89 trillion, a P/E ratio of 19.21, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $147.22 and a 12 month high of $207.05. The stock has a 50 day moving average of $178.83 and a two-hundred day moving average of $177.10.

Alphabet (NASDAQ:GOOGL) last issued 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 return on equity of 32.49% and a net margin of 28.60%. As a group, equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.52%. Alphabet’s dividend payout ratio (DPR) is currently 9.94%.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 11,764 shares of Alphabet stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the transaction, the insider now directly owns 49,037 shares of the company’s stock, valued at approximately $8,181,333.08. This trade represents a 19.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the sale, the insider now owns 1,449,286 shares in the company, valued at $265,914,995.28. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,992 shares of company stock valued at $16,093,773 over the last quarter. 11.55% of the stock is owned by company insiders.

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.