Paradigm Asset Management Co. LLC Has $4.56 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Paradigm Asset Management Co. LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 18.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,110 shares of the information services provider’s stock after purchasing an additional 3,700 shares during the period. Alphabet accounts for 1.2% of Paradigm Asset Management Co. LLC’s holdings, making the stock its 4th biggest position. Paradigm Asset Management Co. LLC’s holdings in Alphabet were worth $4,564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. DT Investment Partners LLC boosted its stake in shares of Alphabet by 10.2% during the 3rd quarter. DT Investment Partners LLC now owns 12,374 shares of the information services provider’s stock worth $2,052,000 after acquiring an additional 1,149 shares during the period. Woodard & Co. Asset Management Group Inc. ADV lifted its holdings in Alphabet by 14.5% during the 3rd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,308 shares of the information services provider’s stock valued at $217,000 after purchasing an additional 166 shares during the last quarter. Eagle Ridge Investment Management boosted its position in Alphabet by 0.3% during the third quarter. Eagle Ridge Investment Management now owns 218,302 shares of the information services provider’s stock worth $36,205,000 after purchasing an additional 662 shares during the period. Tectonic Advisors LLC increased its holdings in shares of Alphabet by 0.9% in the third quarter. Tectonic Advisors LLC now owns 8,019 shares of the information services provider’s stock valued at $1,330,000 after purchasing an additional 69 shares during the last quarter. Finally, Legacy Capital Group California Inc. raised its position in shares of Alphabet by 29.4% in the third quarter. Legacy Capital Group California Inc. now owns 13,578 shares of the information services provider’s stock valued at $2,252,000 after purchasing an additional 3,088 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Up 1.2 %

Shares of Alphabet stock opened at $173.02 on Thursday. The firm’s 50 day moving average is $189.06 and its 200 day moving average is $176.38. The firm has a market capitalization of $2.11 trillion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a 1 year low of $130.85 and a 1 year high of $207.05. 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 (NASDAQ:GOOGL) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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%. Equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued 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 yield of 0.46%. Alphabet’s payout ratio is presently 9.94%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 1,449,286 shares of the company’s stock, valued at approximately $265,914,995.28. This trade represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 134,316 shares of company stock worth $25,062,887. 11.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several research analyst reports. Citigroup reduced their target price on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Bank of America restated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. Stifel Nicolaus upped their target price on Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Piper Sandler dropped their price target on Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $210.62.

Alphabet 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.