Hutchinson Capital Management CA Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Hutchinson Capital Management CA grew its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,795 shares of the information services provider's stock after acquiring an additional 1,885 shares during the period. Alphabet accounts for approximately 5.2% of Hutchinson Capital Management CA's holdings, making the stock its 4th largest position. Hutchinson Capital Management CA's holdings in Alphabet were worth $27,788,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. State Street Corp lifted its stake in Alphabet by 0.3% in the third quarter. State Street Corp now owns 222,555,548 shares of the information services provider's stock valued at $36,910,838,000 after acquiring an additional 743,369 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Alphabet by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock valued at $22,154,651,000 after purchasing an additional 2,626,431 shares during the period. JPMorgan Chase & Co. lifted its stake in Alphabet by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after purchasing an additional 4,567,275 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Alphabet by 1.5% during the fourth quarter. Fisher Asset Management LLC now owns 50,615,038 shares of the information services provider's stock worth $9,581,427,000 after purchasing an additional 757,138 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Alphabet by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 38,451,718 shares of the information services provider's stock valued at $7,278,910,000 after purchasing an additional 1,218,639 shares during the period. Institutional investors own 40.03% of the company's stock.

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Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 1,368 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the transaction, the chief accounting officer now directly owns 20,681 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $189.80, for a total transaction of $284,700.00. Following the transaction, the director now owns 21,824 shares of the company's stock, valued at $4,142,195.20. This represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,103 shares of company stock worth $16,115,139. Corporate insiders own 11.55% of the company's stock.

Alphabet Trading Up 0.2 %

Shares of GOOGL stock traded up $0.31 during trading hours on Monday, hitting $154.64. 54,553,702 shares of the company were exchanged, compared to its average volume of 27,385,685. The company has a 50 day simple moving average of $178.83 and a two-hundred day simple moving average of $177.10. The firm has a market cap of $1.89 trillion, a P/E ratio of 19.21, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a fifty-two week low of $147.22 and a fifty-two week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

Analysts Set New Price Targets

A number of research analysts have issued reports on GOOGL shares. Rosenblatt Securities restated a "neutral" rating and set a $205.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Wedbush lifted their price objective on Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a report on Monday, January 6th. Wolfe Research raised their target price on shares of Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Bank of America reiterated a "buy" rating and issued a $210.00 price target on shares of Alphabet in a research note on Monday, December 23rd. Finally, JMP Securities reissued a "market perform" rating on shares of Alphabet in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $209.49.

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.