Howland Capital Management LLC Acquires 3,110 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Howland Capital Management LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 568,781 shares of the information services provider’s stock after acquiring an additional 3,110 shares during the quarter. Alphabet accounts for 4.7% of Howland Capital Management LLC’s portfolio, making the stock its 3rd largest position. Howland Capital Management LLC’s holdings in Alphabet were worth $107,670,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Quotient Wealth Partners LLC increased its position in Alphabet by 7.5% in the 4th quarter. Quotient Wealth Partners LLC now owns 34,624 shares of the information services provider’s stock valued at $6,554,000 after acquiring an additional 2,415 shares during the period. Benedict Financial Advisors Inc. boosted its stake in Alphabet by 1.0% during the 4th quarter. Benedict Financial Advisors Inc. now owns 19,592 shares of the information services provider’s stock valued at $3,709,000 after purchasing an additional 190 shares in the last quarter. Richard C. Young & CO. LTD. boosted its stake in Alphabet by 0.6% during the 4th quarter. Richard C. Young & CO. LTD. now owns 114,607 shares of the information services provider’s stock valued at $21,695,000 after purchasing an additional 729 shares in the last quarter. Investment Advisory Services Inc. TX ADV boosted its stake in Alphabet by 2.9% during the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 9,149 shares of the information services provider’s stock valued at $1,732,000 after purchasing an additional 254 shares in the last quarter. Finally, AlphaStar Capital Management LLC boosted its stake in Alphabet by 8.4% during the 4th quarter. AlphaStar Capital Management LLC now owns 57,552 shares of the information services provider’s stock valued at $10,895,000 after purchasing an additional 4,481 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOGL has been the subject of a number of research reports. Truist Financial increased their price target on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. KeyCorp increased their price target on Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. reduced their price objective on Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Ten investment 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

Alphabet Price Performance

Shares of GOOGL opened at $185.19 on Thursday. The firm has a market cap of $2.26 trillion, a PE ratio of 23.01, a PEG ratio of 1.35 and a beta of 0.99. The firm’s 50 day moving average price is $192.81 and its 200 day moving average price is $175.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $207.05.

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

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.43%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were 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. This trade represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. The trade was a 9.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,919 shares of company stock worth $18,528,318 over the last 90 days. Insiders own 11.55% of the company’s stock.

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.