Alphabet Inc. (NASDAQ:GOOGL) is Van Cleef Asset Management Inc’s 5th Largest Position

Van Cleef Asset Management Inc lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.5% in the fourth quarter, Holdings Channel reports. The fund owned 179,350 shares of the information services provider’s stock after selling 925 shares during the period. Alphabet makes up approximately 3.5% of Van Cleef Asset Management Inc’s portfolio, making the stock its 5th biggest holding. Van Cleef Asset Management Inc’s holdings in Alphabet were worth $25,053,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. VCI Wealth Management LLC purchased a new position in Alphabet in the fourth quarter worth approximately $268,000. Stevens Capital Management LP purchased a new position in Alphabet in the fourth quarter worth approximately $1,845,000. Abbrea Capital LLC lifted its stake in Alphabet by 2.9% in the fourth quarter. Abbrea Capital LLC now owns 109,218 shares of the information services provider’s stock worth $15,257,000 after acquiring an additional 3,044 shares during the last quarter. Syon Capital LLC raised its holdings in Alphabet by 707.2% during the fourth quarter. Syon Capital LLC now owns 300,454 shares of the information services provider’s stock worth $41,970,000 after purchasing an additional 263,231 shares in the last quarter. Finally, Two Point Capital Management Inc. raised its holdings in Alphabet by 0.6% during the fourth quarter. Two Point Capital Management Inc. now owns 92,755 shares of the information services provider’s stock worth $12,957,000 after purchasing an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the transaction, the chief executive officer now owns 2,377,691 shares in the company, valued at approximately $347,832,416.39. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares in the company, valued at $3,903,886.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the completion of the transaction, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 275,129 shares of company stock valued at $40,382,765. Insiders own 0.88% of the company’s stock.

Alphabet Stock Up 0.4 %

GOOGL stock opened at $167.24 on Friday. Alphabet Inc. has a one year low of $103.97 and a one year high of $174.71. The company has a 50 day moving average price of $149.67 and a two-hundred day moving average price of $142.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.15. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 25.65, a PEG ratio of 1.26 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period last year, the company earned $1.17 EPS. As a group, sell-side analysts expect that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a $0.20 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet’s payout ratio is 12.27%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GOOGL. Rosenblatt Securities raised their price objective on shares of Alphabet from $172.00 to $182.00 and gave the stock a “buy” rating in a report on Friday, April 26th. UBS Group raised their price objective on shares of Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Royal Bank of Canada raised their price objective on shares of Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Roth Mkm raised their price objective on shares of Alphabet from $164.00 to $202.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Robert W. Baird raised their price objective on shares of Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $190.60.

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.