Certuity LLC Has $8.38 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Certuity LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 31.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 59,032 shares of the information services provider’s stock after purchasing an additional 14,061 shares during the period. Alphabet makes up about 0.8% of Certuity LLC’s portfolio, making the stock its 29th biggest position. Certuity LLC’s holdings in Alphabet were worth $8,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Aire Advisors LLC increased its stake in shares of Alphabet by 0.6% in the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after acquiring an additional 68 shares in the last quarter. Defined Wealth Management LLC grew its holdings 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 purchasing an additional 71 shares during the period. WealthCare Investment Partners LLC increased its stake 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 valued at $482,000 after purchasing an additional 71 shares in the last quarter. Peoples Financial Services CORP. raised its holdings in shares of Alphabet by 0.4% during the fourth quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock valued at $2,331,000 after purchasing an additional 72 shares during the period. Finally, RAM Investment Partners LLC boosted its position in shares of Alphabet by 1.0% during the 4th quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock worth $1,055,000 after purchasing an additional 73 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Alphabet stock opened at $171.25 on Wednesday. The firm has a market capitalization of $2.12 trillion, a P/E ratio of 26.27, a PEG ratio of 1.28 and a beta of 1.02. Alphabet Inc. has a one year low of $105.16 and a one year high of $174.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The business has a fifty day moving average price of $151.40 and a 200-day moving average price of $142.83.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter last year, the company earned $1.17 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.47%.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on Alphabet from $165.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Royal Bank of Canada upped their target price on Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. KeyCorp lifted their price target on shares of Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Jefferies Financial Group upped their price objective on shares of Alphabet from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Robert W. Baird boosted their target price on shares of Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.60.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,280,511 shares in the company, valued at approximately $380,389,234.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $149.73, for a total value of $119,784.00. Following the transaction, the director now directly owns 7,164 shares in the company, valued at $1,072,665.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,280,511 shares in the company, valued at $380,389,234.80. The disclosure for this sale can be found here. Insiders have sold 252,629 shares of company stock worth $37,091,240 in the last three months. 0.88% of the stock is currently owned by corporate 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.