Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Boosted by Twin Capital Management Inc.

Twin Capital Management Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,901 shares of the information services provider's stock after buying an additional 4,335 shares during the period. Alphabet accounts for 3.2% of Twin Capital Management Inc.'s holdings, making the stock its 5th biggest position. Twin Capital Management Inc.'s holdings in Alphabet were worth $28,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Compass Planning Associates Inc acquired a new position in shares of Alphabet in the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $39,000. PayPay Securities Corp lifted its stake in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after purchasing an additional 65 shares during the period. Finally, Denver PWM LLC boosted its holdings in Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after buying an additional 57 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of brokerages have weighed in on GOOGL. Piper Sandler decreased their price objective on shares of Alphabet from $208.00 to $185.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. cut their price target on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Wolfe Research lifted their target price on shares of Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, KeyCorp decreased their price target on shares of Alphabet from $220.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $204.72.

Alphabet Trading Down 1.7 %

NASDAQ:GOOGL traded down $2.76 on Tuesday, reaching $156.31. 27,453,571 shares of the company's stock were exchanged, compared to its average volume of 28,219,399. The business has a fifty day moving average of $167.87 and a 200-day moving average of $176.28. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The firm has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. As a group, analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on 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 owns 2,717,696 shares in the company, valued at $430,917,877.76. The trade was a 1.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O'toole sold 1,340 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,497 shares of company stock valued at $20,837,150 in the last three months. 11.55% of the stock is owned by corporate 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.