Alphabet Inc. (NASDAQ:GOOGL) Holdings Lifted by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.2% during the fourth quarter, Holdings Channel reports. The firm owned 306,138 shares of the information services provider’s stock after acquiring an additional 465 shares during the quarter. Alphabet makes up about 3.4% of Mogy Joel R Investment Counsel Inc.’s investment portfolio, making the stock its 10th biggest position. Mogy Joel R Investment Counsel Inc.’s holdings in Alphabet were worth $57,952,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. LMR Partners LLP bought a new stake in Alphabet during the 3rd quarter valued at approximately $32,000. Denver PWM LLC boosted its position in Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 57 shares in the last quarter. Quarry LP bought a new stake in Alphabet during the 2nd quarter valued at approximately $53,000. Teachers Insurance & Annuity Association of America bought a new stake in Alphabet during the 3rd quarter valued at approximately $66,000. Finally, Mendota Financial Group LLC boosted its position in Alphabet by 19.0% during the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after acquiring an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 1.1 %

GOOGL opened at $200.21 on Friday. The firm has a market cap of $2.45 trillion, a P/E ratio of 26.55, a P/E/G ratio of 1.27 and a beta of 0.98. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $202.29. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $186.46 and a 200 day moving average of $173.80.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates 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. As a group, research analysts forecast that Alphabet Inc. will post 8.02 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s payout ratio is currently 10.61%.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares of the company’s stock, valued at $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the completion of the sale, the director now directly owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. The trade was a 3.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock valued at $24,368,654 over the last 90 days. Insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research report on Thursday, December 12th. Phillip Securities raised Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Cantor Fitzgerald dropped their price target on Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Pivotal Research boosted their price target on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Nine equities 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 company. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $209.44.

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.