CORDA Investment Management LLC. Has $40.69 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

CORDA Investment Management LLC. trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 214,968 shares of the information services provider’s stock after selling 1,656 shares during the quarter. Alphabet comprises about 3.2% of CORDA Investment Management LLC.’s holdings, making the stock its 11th biggest position. CORDA Investment Management LLC.’s holdings in Alphabet were worth $40,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of GOOGL. Schear Investment Advisers LLC grew its holdings in shares of Alphabet by 17.0% during the third quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider’s stock valued at $5,598,000 after buying an additional 4,905 shares during the last quarter. Landscape Capital Management L.L.C. grew its holdings in shares of Alphabet by 27.9% during the third quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider’s stock valued at $4,192,000 after buying an additional 5,516 shares during the last quarter. Olistico Wealth LLC grew its holdings in shares of Alphabet by 9.1% during the fourth quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider’s stock valued at $1,700,000 after buying an additional 746 shares during the last quarter. Centaurus Financial Inc. grew its holdings in shares of Alphabet by 22.9% during the third quarter. Centaurus Financial Inc. now owns 61,540 shares of the information services provider’s stock valued at $10,206,000 after buying an additional 11,481 shares during the last quarter. Finally, Highline Wealth Partners LLC grew its holdings in shares of Alphabet by 22.7% during the fourth quarter. Highline Wealth Partners LLC now owns 23,164 shares of the information services provider’s stock valued at $4,385,000 after buying an additional 4,285 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 1,374 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the sale, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at $2,606,213.28. This trade represents a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,682 shares of company stock valued at $17,901,024 in the last quarter. Corporate insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Cantor Fitzgerald cut their price target on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Robert W. Baird restated an “outperform” rating and set a $205.00 price target on shares of Alphabet in a report on Tuesday, December 10th. Finally, Wolfe Research boosted their price target on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Ten equities 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 company. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $210.62.

Alphabet Stock Performance

NASDAQ GOOGL opened at $167.11 on Thursday. The company’s 50 day moving average is $186.76 and its 200-day moving average is $176.48. The firm has a market cap of $2.04 trillion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 12-month low of $138.99 and a 12-month 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.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data 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 net margin of 28.60% and a return on equity of 32.49%. Sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current 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 paid 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 0.48%. Alphabet’s dividend payout ratio is presently 9.94%.

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.