Cyr Financial Inc. Has $857,000 Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Cyr Financial Inc. lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,528 shares of the information services provider’s stock after selling 220 shares during the quarter. Alphabet accounts for about 0.8% of Cyr Financial Inc.’s holdings, making the stock its 21st largest position. Cyr Financial Inc.’s holdings in Alphabet were worth $857,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GOOGL. Colton Groome Financial Advisors LLC boosted its position in Alphabet by 5.8% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 2,932 shares of the information services provider’s stock worth $555,000 after acquiring an additional 162 shares during the period. Northeast Financial Group Inc. lifted its position in shares of Alphabet by 34.6% in the fourth quarter. Northeast Financial Group Inc. now owns 20,914 shares of the information services provider’s stock worth $3,959,000 after purchasing an additional 5,372 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $4,990,000. Sippican Capital Advisors acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $222,000. Finally, Synergy Asset Management LLC grew its position in Alphabet by 23.4% during the fourth quarter. Synergy Asset Management LLC now owns 179,744 shares of the information services provider’s stock valued at $34,049,000 after purchasing an additional 34,102 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GOOGL shares. Stifel Nicolaus lifted their target price on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 13th. China Renaissance upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. KeyCorp increased their price target on Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Wolfe Research boosted their target price on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Ten investment 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $210.62.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the sale, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,529 shares of company stock valued at $16,600,078 in the last 90 days. 11.55% of the stock is owned by insiders.

Alphabet Price Performance

Alphabet stock opened at $185.34 on Friday. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $207.05. The business’s fifty day moving average is $191.28 and its two-hundred day moving average is $174.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $2.27 trillion, a P/E ratio of 24.58, a P/E/G ratio of 1.31 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. Equities research analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Alphabet’s dividend payout ratio is 10.61%.

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.