Bristlecone Advisors LLC Has $23.70 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Bristlecone Advisors LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,186 shares of the information services provider's stock after acquiring an additional 2,841 shares during the period. Alphabet makes up approximately 1.9% of Bristlecone Advisors LLC's portfolio, making the stock its 14th biggest holding. Bristlecone Advisors LLC's holdings in Alphabet were worth $23,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LMR Partners LLP acquired a new position in Alphabet during the third quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the fourth quarter valued at $39,000. Denver PWM LLC grew its holdings in Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after purchasing an additional 57 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Alphabet in the third quarter valued at $66,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Performance

Alphabet stock traded down $4.90 during mid-day trading on Friday, hitting $179.66. 35,094,289 shares of the company's stock traded hands, compared to its average volume of 28,166,218. The firm has a 50 day moving average price of $192.46 and a 200 day moving average price of $175.69. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.19 trillion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. Alphabet Inc. has a one year low of $130.66 and a one year high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GOOGL shares. Loop Capital upped their target price on Alphabet from $170.00 to $185.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Truist Financial upped their target price on Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. KeyCorp upped their target price on Alphabet from $215.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, January 10th. Wolfe Research upped their price objective on Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, Sanford C. Bernstein upped their price objective on Alphabet from $180.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $210.62.

Insider Activity

In related news, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now directly owns 43,981 shares in the company, valued at $8,471,620.22. The trade was a 27.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O'toole sold 1,367 shares of Alphabet stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 134,299 shares of company stock worth $25,055,751. 11.55% of the stock is owned by company insiders.

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.