Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Increased by Auxano Advisors LLC

Auxano Advisors LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,259 shares of the information services provider’s stock after purchasing an additional 862 shares during the quarter. Alphabet accounts for 1.2% of Auxano Advisors LLC’s holdings, making the stock its 15th biggest position. Auxano Advisors LLC’s holdings in Alphabet were worth $3,528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. LGL Partners LLC raised its holdings in shares of Alphabet by 0.9% in the 4th quarter. LGL Partners LLC now owns 17,860 shares of the information services provider’s stock worth $2,495,000 after purchasing an additional 152 shares in the last quarter. Certuity LLC lifted its position in shares of Alphabet by 31.3% in the 4th quarter. Certuity LLC now owns 59,032 shares of the information services provider’s stock valued at $8,383,000 after acquiring an additional 14,061 shares in the last quarter. Islay Capital Management LLC lifted its position in shares of Alphabet by 23.5% in the 4th quarter. Islay Capital Management LLC now owns 12,428 shares of the information services provider’s stock valued at $1,736,000 after acquiring an additional 2,367 shares in the last quarter. Penobscot Investment Management Company Inc. lifted its position in shares of Alphabet by 7.6% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 120,740 shares of the information services provider’s stock valued at $16,866,000 after acquiring an additional 8,572 shares in the last quarter. Finally, Field & Main Bank lifted its position in shares of Alphabet by 0.9% in the 4th quarter. Field & Main Bank now owns 33,500 shares of the information services provider’s stock valued at $4,680,000 after acquiring an additional 295 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on GOOGL. Wolfe Research upped their price target on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Truist Financial upped their price target on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Stifel Nicolaus upped their price target on shares of Alphabet from $174.00 to $196.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Wedbush upped their price target on shares of Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Robert W. Baird increased 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 research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.60.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $143.08, for a total value of $3,219,300.00. Following the sale, the chief executive officer now directly owns 2,355,191 shares in the company, valued at approximately $336,980,728.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $143.08, for a total value of $3,219,300.00. Following the sale, the chief executive officer now directly owns 2,355,191 shares in the company, valued at approximately $336,980,728.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $149.73, for a total transaction of $119,784.00. Following the transaction, the director now directly owns 7,164 shares of the company’s stock, valued at $1,072,665.72. 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 ninety days. Insiders own 0.88% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $169.38 on Thursday. Alphabet Inc. has a 1 year low of $107.19 and a 1 year high of $174.71. The firm’s fifty day simple moving average is $151.40 and its 200 day simple moving average is $142.83. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2.09 trillion, a PE ratio of 25.98, a PEG ratio of 1.28 and a beta of 1.02.

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

Alphabet Announces Dividend

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

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.