Mendel Money Management Cuts Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Mendel Money Management decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,254 shares of the information services provider’s stock after selling 70 shares during the period. Alphabet accounts for 1.5% of Mendel Money Management’s holdings, making the stock its 22nd biggest position. Mendel Money Management’s holdings in Alphabet were worth $3,455,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Excalibur Management Corp raised its stake in Alphabet by 4.5% in the fourth quarter. Excalibur Management Corp now owns 18,293 shares of the information services provider’s stock valued at $3,463,000 after buying an additional 780 shares during the last quarter. Anthracite Investment Company Inc. increased its holdings in shares of Alphabet by 85.7% during the fourth quarter. Anthracite Investment Company Inc. now owns 13,000 shares of the information services provider’s stock valued at $2,461,000 after acquiring an additional 6,000 shares in the last quarter. Parametrica Management Ltd raised its position in shares of Alphabet by 8.8% in the 4th quarter. Parametrica Management Ltd now owns 30,113 shares of the information services provider’s stock valued at $5,700,000 after purchasing an additional 2,444 shares during the last quarter. Core Wealth Partners LLC grew its position in Alphabet by 6.8% during the 4th quarter. Core Wealth Partners LLC now owns 12,553 shares of the information services provider’s stock worth $2,376,000 after purchasing an additional 799 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its position in Alphabet by 62.9% during the 4th quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider’s stock worth $7,063,000 after purchasing an additional 14,401 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on GOOGL. JMP Securities reissued a “market perform” rating on shares of Alphabet in a research report on Wednesday, February 5th. UBS Group set a $190.00 price objective on Alphabet in a report on Thursday, March 27th. Roth Mkm reaffirmed a “buy” rating and set a $220.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Jefferies Financial Group reduced their price target on shares of Alphabet from $235.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Finally, Wells Fargo & Company dropped their price objective on shares of Alphabet from $184.00 to $167.00 and set an “equal weight” rating on the stock in a report on Monday, March 31st. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $209.13.

Alphabet Stock Down 3.4 %

Shares of NASDAQ:GOOGL opened at $145.60 on Friday. Alphabet Inc. has a 52-week low of $145.38 and a 52-week high of $207.05. 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 business has a fifty day moving average of $175.15 and a two-hundred day moving average of $176.81. The stock has a market cap of $1.77 trillion, a P/E ratio of 18.09, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.55%. Alphabet’s payout ratio is 9.94%.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now owns 21,824 shares in the company, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,797 shares of company stock valued at $21,089,470 over the last quarter. 11.55% of the stock is owned by 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.