Alphabet Inc. (NASDAQ:GOOGL) is BNC Wealth Management LLC's 6th Largest Position

BNC Wealth Management LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,842 shares of the information services provider's stock after purchasing an additional 2,226 shares during the period. Alphabet makes up approximately 4.2% of BNC Wealth Management LLC's investment portfolio, making the stock its 6th biggest holding. BNC Wealth Management LLC's holdings in Alphabet were worth $12,843,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Conrad Siegel Investment Advisors Inc. boosted its stake in Alphabet by 0.5% during the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock worth $1,864,000 after buying an additional 53 shares in the last quarter. Denver PWM LLC lifted its holdings in shares of Alphabet by 25.4% during the third 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 during the period. Ignite Planners LLC raised its holdings in shares of Alphabet by 0.4% in the fourth quarter. Ignite Planners LLC now owns 15,078 shares of the information services provider's stock valued at $2,892,000 after buying an additional 57 shares during the last quarter. Fermata Advisors LLC raised its holdings in shares of Alphabet by 0.8% in the fourth quarter. Fermata Advisors LLC now owns 7,433 shares of the information services provider's stock valued at $1,407,000 after buying an additional 57 shares during the last quarter. Finally, Winch Advisory Services LLC raised its holdings in Alphabet by 1.3% during the 4th quarter. Winch Advisory Services LLC now owns 4,386 shares of the information services provider's stock worth $830,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,084,306 shares in the company, valued at $369,672,512.16. The trade was a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now owns 282,832 shares of the company's stock, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,387 shares of company stock worth $24,368,654. 11.55% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of GOOGL traded up $1.02 during mid-day trading on Wednesday, hitting $199.07. The stock had a trading volume of 9,974,715 shares, compared to its average volume of 22,481,398. The firm has a market cap of $2.44 trillion, a P/E ratio of 26.43, a PEG ratio of 1.26 and a beta of 0.98. The business has a fifty day moving average price of $185.07 and a 200-day moving average price of $173.38. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $202.29.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same period in the previous year, the company posted $1.55 earnings per share. On average, equities research analysts expect that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. Alphabet's payout ratio is 10.61%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GOOGL shares. KeyCorp boosted their target price on Alphabet from $215.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, January 10th. Truist Financial boosted their target price on Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their target price on Alphabet from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Royal Bank of Canada upped their price objective on Alphabet from $204.00 to $210.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Roth Mkm increased their price target on Alphabet from $206.00 to $212.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Nine equities research 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $208.67.

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.