Alphabet Inc. (NASDAQ:GOOGL) is Alexander Randolph Advisory Inc.’s 5th Largest Position

Alexander Randolph Advisory Inc. lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,887 shares of the information services provider’s stock after selling 67 shares during the quarter. Alphabet comprises approximately 4.4% of Alexander Randolph Advisory Inc.’s portfolio, making the stock its 5th biggest position. Alexander Randolph Advisory Inc.’s holdings in Alphabet were worth $4,711,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Pettinga Financial Advisors LLC raised its position in Alphabet by 10.1% in the third quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock worth $363,000 after acquiring an additional 201 shares in the last quarter. Ellis Investment Partners LLC increased its position in shares of Alphabet by 0.5% in the third quarter. Ellis Investment Partners LLC now owns 29,361 shares of the information services provider’s stock valued at $4,869,000 after buying an additional 157 shares in the last quarter. OMNI 360 Wealth Inc. increased its position in shares of Alphabet by 42.4% in the third quarter. OMNI 360 Wealth Inc. now owns 3,488 shares of the information services provider’s stock valued at $578,000 after buying an additional 1,039 shares in the last quarter. Motiv8 Investments LLC increased its position in shares of Alphabet by 4.7% in the third quarter. Motiv8 Investments LLC now owns 5,434 shares of the information services provider’s stock valued at $901,000 after buying an additional 242 shares in the last quarter. Finally, First Financial Bankshares Inc increased its position in shares of Alphabet by 1.4% in the third quarter. First Financial Bankshares Inc now owns 409,273 shares of the information services provider’s stock valued at $67,878,000 after buying an additional 5,638 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. DZ Bank cut Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target for the company. in a research report on Thursday, February 6th. Wells Fargo & Company raised their price target on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. JMP Securities restated a “market perform” rating on shares of Alphabet in a research report on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price target on Alphabet from $232.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Wolfe Research raised their price target on Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.62.

Alphabet Stock Performance

Alphabet stock opened at $173.86 on Friday. The stock’s 50-day moving average is $188.21 and its 200-day moving average is $176.47. The company has a market cap of $2.12 trillion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 12 month low of $134.00 and a 12 month high of $207.05.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. Equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet’s payout ratio is currently 9.94%.

Insider Activity at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the sale, the director now directly owns 282,832 shares in the company, valued at $52,329,576.64. The trade was a 11.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the sale, the director now owns 23,324 shares in the company, valued at $4,529,987.28. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 134,316 shares of company stock worth $25,062,887. 11.55% of the stock is currently 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.