Jackson Creek Investment Advisors LLC Decreases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Jackson Creek Investment Advisors LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 16.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,208 shares of the information services provider’s stock after selling 649 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Alphabet were worth $448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GOOGL. Kathleen S. Wright Associates Inc. grew its holdings in Alphabet by 2.4% during the third quarter. Kathleen S. Wright Associates Inc. now owns 10,560 shares of the information services provider’s stock valued at $1,382,000 after purchasing an additional 250 shares during the period. PDS Planning Inc lifted its holdings in Alphabet by 2.6% during the 3rd quarter. PDS Planning Inc now owns 27,483 shares of the information services provider’s stock worth $3,596,000 after purchasing an additional 705 shares in the last quarter. Trinity Street Asset Management LLP boosted its stake in Alphabet by 2.9% in the 3rd quarter. Trinity Street Asset Management LLP now owns 180,769 shares of the information services provider’s stock worth $23,655,000 after purchasing an additional 5,088 shares during the period. Commonwealth Equity Services LLC grew its holdings in Alphabet by 1.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,528,818 shares of the information services provider’s stock valued at $330,921,000 after buying an additional 45,323 shares in the last quarter. Finally, FAS Wealth Partners Inc. increased its position in shares of Alphabet by 2.8% during the third quarter. FAS Wealth Partners Inc. now owns 24,248 shares of the information services provider’s stock valued at $3,173,000 after buying an additional 654 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of Alphabet stock opened at $169.38 on Thursday. 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’s 50 day simple moving average is $151.40 and its two-hundred day simple moving average is $142.83. The stock has a market capitalization of $2.09 trillion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. Alphabet Inc. has a one year low of $107.19 and a one year high of $174.71.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share 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. Analysts forecast that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet’s dividend payout ratio is currently 12.27%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 300 shares of Alphabet stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total value of $41,853.00. Following the sale, the director now directly owns 9,291 shares in the company, valued at approximately $1,296,187.41. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at $243,854,485.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 300 shares of Alphabet stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total value of $41,853.00. Following the sale, the director now owns 9,291 shares in the company, valued at $1,296,187.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 252,629 shares of company stock worth $37,091,240. 0.88% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Wolfe Research upped their target price on Alphabet from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Jefferies Financial Group lifted their price target on Alphabet from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Wedbush upped their price objective on shares of Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Needham & Company LLC lifted their target price on shares of Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.