Alphabet Inc. (NASDAQ:GOOGL) Holdings Decreased by Montag & Caldwell LLC

Montag & Caldwell LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 153,387 shares of the information services provider's stock after selling 13,773 shares during the quarter. Alphabet makes up approximately 6.2% of Montag & Caldwell LLC's holdings, making the stock its biggest holding. Montag & Caldwell LLC's holdings in Alphabet were worth $29,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. Community Bank N.A. increased its position in shares of Alphabet by 6.4% in the 4th quarter. Community Bank N.A. now owns 46,173 shares of the information services provider's stock valued at $8,741,000 after buying an additional 2,790 shares in the last quarter. Premier Fund Managers Ltd increased its stake in Alphabet by 30.0% during the 4th quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider's stock worth $11,816,000 after purchasing an additional 14,262 shares in the last quarter. Absolute Capital Management LLC lifted its stake in Alphabet by 14.0% in the fourth quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider's stock valued at $401,000 after buying an additional 258 shares in the last quarter. Permanent Capital Management LP bought a new stake in shares of Alphabet during the fourth quarter worth $273,000. Finally, Glass Wealth Management Co LLC boosted its stake in Alphabet by 4.5% in the 4th quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock worth $7,014,000 after purchasing an additional 1,580 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of GOOGL stock traded up $2.89 on Tuesday, reaching $150.56. The company's stock had a trading volume of 6,283,283 shares, compared to its average volume of 28,219,667. The company has a market capitalization of $1.84 trillion, a P/E ratio of 18.71, a PEG ratio of 1.34 and a beta of 1.03. 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 stock's 50 day simple moving average is $164.42 and its 200-day simple moving average is $175.78. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 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, equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

Insider Activity at Alphabet

In other Alphabet news, 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 value of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares of the company's stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. This represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,163 shares of company stock valued at $25,361,647. Corporate insiders own 11.55% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GOOGL shares. DZ Bank downgraded Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target for the company. in a research report on Thursday, February 6th. Wells Fargo & Company dropped their target price on Alphabet from $184.00 to $167.00 and set an "equal weight" rating on the stock in a report on Monday, March 31st. Mizuho lowered their price objective on shares of Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. KeyCorp lowered their price target on shares of Alphabet from $220.00 to $202.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Finally, Piper Sandler lowered their target price on shares of Alphabet from $208.00 to $185.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $200.74.

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.