Capital Investment Advisors LLC Has $75.33 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Capital Investment Advisors LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 397,924 shares of the information services provider’s stock after acquiring an additional 9,222 shares during the quarter. Alphabet accounts for 1.5% of Capital Investment Advisors LLC’s holdings, making the stock its 11th biggest position. Capital Investment Advisors LLC’s holdings in Alphabet were worth $75,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in GOOGL. LMR Partners LLP bought a new position in Alphabet in the third quarter worth approximately $32,000. Denver PWM LLC bought a new position in shares of Alphabet in the 2nd quarter worth $41,000. Quarry LP acquired a new stake in Alphabet in the 2nd quarter valued at $53,000. Teachers Insurance & Annuity Association of America bought a new stake in Alphabet during the 3rd quarter valued at $66,000. Finally, Mendota Financial Group LLC raised its holdings in Alphabet by 19.0% during the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after buying an additional 64 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein lifted their price objective on shares of Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Tigress Financial lifted their price target on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 26th. Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $208.15.

Alphabet Price Performance

Shares of Alphabet stock traded down $2.78 during trading on Monday, hitting $189.26. The stock had a trading volume of 8,860,187 shares, compared to its average volume of 22,064,137. The firm has a market cap of $2.32 trillion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.35 and a beta of 0.98. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $201.42. The business’s 50-day moving average is $182.62 and its 200 day moving average is $172.95. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter last year, the firm posted $1.55 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. Alphabet’s dividend payout ratio is presently 10.61%.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $167.23, for a total transaction of $473,929.82. Following the completion of the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,406,343.27. The trade was a 9.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 154,387 shares of company stock valued at $27,748,931 in the last quarter. Insiders own 11.55% of the company’s stock.

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.