Alphabet Inc. (NASDAQ:GOOGL) Stake Boosted by Geneva Partners LLC

Geneva Partners LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,407 shares of the information services provider’s stock after buying an additional 194 shares during the period. Alphabet makes up about 4.0% of Geneva Partners LLC’s investment portfolio, making the stock its 6th biggest position. Geneva Partners LLC’s holdings in Alphabet were worth $7,181,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Aire Advisors LLC grew its position in Alphabet by 0.6% in the fourth quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock worth $1,645,000 after acquiring an additional 68 shares in the last quarter. Defined Wealth Management LLC grew its position in Alphabet by 2.9% in the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after acquiring an additional 71 shares in the last quarter. WealthCare Investment Partners LLC grew its position in Alphabet by 2.1% in the fourth quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock worth $482,000 after acquiring an additional 71 shares in the last quarter. Peoples Financial Services CORP. grew its position in Alphabet by 0.4% in the fourth quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock worth $2,331,000 after acquiring an additional 72 shares in the last quarter. Finally, RAM Investment Partners LLC grew its position in Alphabet by 1.0% in the fourth quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock worth $1,055,000 after acquiring an additional 73 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on GOOGL shares. Canaccord Genuity Group lifted their price target on Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC lifted their price target on Alphabet from $160.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday. JMP Securities boosted their target price on Alphabet from $160.00 to $200.00 and gave the company a “market outperform” rating in a research report on Friday. Mizuho boosted their target price on Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday. Finally, Wolfe Research boosted their target price on Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $187.82.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $171.95 on Friday. The company has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a 52 week low of $103.54 and a 52 week high of $174.71. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $147.85 and a 200 day moving average of $141.42.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 6.79 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, June 10th. Alphabet’s payout ratio is presently 12.27%.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the sale, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at $347,832,416.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the sale, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,439 shares of company stock valued at $36,746,578. Corporate insiders own 0.88% of the company’s stock.

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.