Accredited Investors Inc. Has $5.90 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Accredited Investors Inc. lifted its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,997 shares of the information services provider's stock after purchasing an additional 1,751 shares during the period. Accredited Investors Inc.'s holdings in Alphabet were worth $5,903,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. FMR LLC increased its stake in Alphabet by 2.8% during the fourth quarter. FMR LLC now owns 117,991,725 shares of the information services provider's stock valued at $22,470,344,000 after acquiring an additional 3,189,592 shares during the period. Geode Capital Management LLC increased its position in shares of Alphabet by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 104,777,092 shares of the information services provider's stock valued at $19,894,651,000 after purchasing an additional 1,219,606 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Alphabet by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,824,307 shares of the information services provider's stock valued at $5,870,181,000 after purchasing an additional 875,480 shares in the last quarter. Norges Bank acquired a new position in shares of Alphabet in the fourth quarter valued at $5,166,070,000. Finally, Invesco Ltd. lifted its position in Alphabet by 5.0% in the fourth quarter. Invesco Ltd. now owns 19,939,547 shares of the information services provider's stock worth $3,797,287,000 after purchasing an additional 944,858 shares during the period. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Trading Up 0.6 %

Shares of GOOG stock traded up $0.89 on Monday, hitting $160.29. The stock had a trading volume of 9,665,122 shares, compared to its average volume of 19,383,706. The firm has a market cap of $1.95 trillion, a P/E ratio of 19.91, a PEG ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $170.50 and a two-hundred day moving average price of $177.99.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. This represents a 1.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,297 shares of company stock valued at $20,804,770 in the last 90 days. 12.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Westpark Capital started coverage on shares of Alphabet in a report on Tuesday, April 1st. They set a "buy" rating and a $210.00 price objective for the company. UBS Group reduced their target price on Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday. KeyCorp decreased their price target on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, Wedbush reissued an "outperform" rating and issued a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $208.71.

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.