Nicollet Investment Management Inc. Trims Position in Alphabet Inc. (NASDAQ:GOOG)

Nicollet Investment Management Inc. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,596 shares of the information services provider’s stock after selling 2,735 shares during the period. Alphabet accounts for 5.4% of Nicollet Investment Management Inc.’s holdings, making the stock its 4th biggest holding. Nicollet Investment Management Inc.’s holdings in Alphabet were worth $15,730,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nemes Rush Group LLC raised its holdings in Alphabet by 12.4% during the 4th quarter. Nemes Rush Group LLC now owns 14,281 shares of the information services provider’s stock worth $2,720,000 after purchasing an additional 1,571 shares during the last quarter. StoneX Group Inc. increased its position in shares of Alphabet by 35.9% during the fourth quarter. StoneX Group Inc. now owns 29,210 shares of the information services provider’s stock worth $5,563,000 after buying an additional 7,719 shares during the period. Gibson Capital LLC bought a new position in Alphabet during the fourth quarter worth $198,000. Tradewinds LLC. lifted its holdings in Alphabet by 4.6% in the fourth quarter. Tradewinds LLC. now owns 44,013 shares of the information services provider’s stock valued at $8,210,000 after buying an additional 1,921 shares during the period. Finally, Roundview Capital LLC grew its holdings in Alphabet by 0.8% during the 4th quarter. Roundview Capital LLC now owns 262,349 shares of the information services provider’s stock worth $49,962,000 after acquiring an additional 2,194 shares during the period. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Up 0.1 %

GOOG opened at $156.23 on Tuesday. Alphabet Inc. has a fifty-two week low of $148.20 and a fifty-two week high of $208.70. The firm has a market capitalization of $1.90 trillion, a P/E ratio of 19.41, a PEG ratio of 1.34 and a beta of 1.03. The company’s 50-day moving average is $180.70 and its 200 day moving average is $178.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 1,368 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the sale, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $3,961,445.55. This trade represents a 6.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 17,690 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the transaction, the insider now owns 43,111 shares in the company, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,992 shares of company stock valued at $16,093,773 in the last ninety days. 12.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on GOOG. Needham & Company LLC restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Oppenheimer increased their price target on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Scotiabank increased their target price on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $208.56.

About Alphabet

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.