Savant Capital LLC Has $15.98 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Savant Capital LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,424 shares of the information services provider’s stock after purchasing an additional 11,059 shares during the quarter. Savant Capital LLC’s holdings in Alphabet were worth $15,984,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GOOGL. RWQ Financial Management Services Inc. boosted its holdings in shares of Alphabet by 8.2% during the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock worth $8,591,000 after buying an additional 4,664 shares during the period. Robbins Farley boosted its holdings in shares of Alphabet by 0.8% during the 4th quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock worth $2,096,000 after buying an additional 118 shares during the period. Quantum Financial Advisors LLC boosted its holdings in shares of Alphabet by 8.0% during the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after buying an additional 564 shares during the period. Colton Groome Financial Advisors LLC boosted its holdings in shares of Alphabet by 3.8% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 2,700 shares of the information services provider’s stock worth $377,000 after buying an additional 100 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Alphabet by 2.4% during the 3rd quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock worth $577,908,000 after buying an additional 104,366 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Down 1.1 %

GOOGL opened at $169.38 on Thursday. 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 stock 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 Inc. has a 1-year low of $107.19 and a 1-year high of $174.71. The firm has a 50-day moving average price of $151.40 and a two-hundred 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 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm earned $1.17 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 7.57 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s payout ratio is 12.27%.

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the transaction, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the transaction, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the transaction, the chief accounting officer now directly owns 28,602 shares in the company, valued at approximately $3,903,886.98. The disclosure for this sale can be found here. Insiders have sold 252,629 shares of company stock valued at $37,091,240 in the last 90 days. 0.88% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on GOOGL. Morgan Stanley increased their price target on shares of Alphabet from $165.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Jefferies Financial Group increased their price target on shares of Alphabet from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 26th. Raymond James increased their price target on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Redburn Atlantic increased their price target on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, Barclays increased their price target on shares of Alphabet from $173.00 to $200.00 and gave the company an “overweight” rating in a 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.60.

Alphabet 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.