Quad Cities Investment Group LLC Raises Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Quad Cities Investment Group LLC increased its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,331 shares of the information services provider’s stock after purchasing an additional 157 shares during the period. Quad Cities Investment Group LLC’s holdings in Alphabet were worth $820,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. LMR Partners LLP purchased a new stake in shares of Alphabet in the third quarter worth $32,000. Denver PWM LLC purchased a new stake in shares of Alphabet in the second quarter worth $41,000. Quarry LP purchased a new stake in shares of Alphabet in the second quarter worth $53,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Alphabet in the third quarter worth $66,000. Finally, Mendota Financial Group LLC lifted its holdings in shares of Alphabet by 19.0% during the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after purchasing an additional 64 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GOOGL. Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 price target on shares of Alphabet in a report on Tuesday, December 10th. Stifel Nicolaus upped their price target on Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday. Scotiabank raised Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Royal Bank of Canada upped their price target on Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $208.15.

Read Our Latest Stock Report on GOOGL

Alphabet Stock Performance

NASDAQ:GOOGL opened at $195.55 on Thursday. 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 Inc. has a 12-month low of $130.66 and a 12-month high of $201.42. The stock has a 50-day moving average price of $183.45 and a 200 day moving average price of $173.04. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 25.94, a P/E/G ratio of 1.35 and a beta of 0.98.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion during 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 business posted $1.55 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the transaction, the chief accounting officer now owns 17,847 shares in the company, valued at $3,468,029.04. This trade represents a 13.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the transaction, the chief executive officer now owns 2,084,306 shares of the company’s stock, valued at $369,672,512.16. This represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,387 shares of company stock worth $24,368,654 in the last quarter. 11.55% of the stock is owned by corporate insiders.

Alphabet Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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