Alphabet Inc. (NASDAQ:GOOGL) is Bray Capital Advisors' 4th Largest Position

Bray Capital Advisors decreased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,038 shares of the information services provider's stock after selling 3,784 shares during the quarter. Alphabet makes up 3.8% of Bray Capital Advisors' portfolio, making the stock its 4th biggest holding. Bray Capital Advisors' holdings in Alphabet were worth $14,015,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GOOGL. State Street Corp increased its position 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 worth $36,910,838,000 after buying an additional 743,369 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Alphabet by 2.0% during 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 acquiring an additional 2,626,431 shares during the period. JPMorgan Chase & Co. increased its holdings 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 worth $10,559,240,000 after acquiring an additional 4,567,275 shares in the last quarter. Fisher Asset Management LLC raised its stake in Alphabet by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 49,857,900 shares of the information services provider's stock worth $8,268,933,000 after acquiring an additional 1,237,385 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Alphabet by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 37,233,079 shares of the information services provider's stock valued at $6,175,106,000 after purchasing an additional 523,416 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

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Alphabet Trading Up 0.9 %

Shares of GOOGL traded up $1.51 during mid-day trading on Friday, reaching $173.86. 27,359,201 shares of the company's stock traded hands, compared to its average volume of 29,604,490. The stock has a market cap of $2.12 trillion, a P/E ratio of 21.60, a P/E/G ratio of 1.34 and a beta of 1.02. The stock's 50-day moving average is $188.21 and its two-hundred day moving average is $176.47. Alphabet Inc. has a 12 month low of $134.00 and a 12 month high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

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

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet's dividend payout ratio is 9.94%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GOOGL shares. JMP Securities restated a "market perform" rating on shares of Alphabet in a research report on Wednesday, February 5th. Citizens Jmp cut Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Wolfe Research raised their price target on Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price target on Alphabet from $232.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Finally, DA Davidson raised their price target on Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $210.62.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the transaction, the director now directly owns 23,324 shares in the company, valued at $4,529,987.28. This represents a 6.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 1,374 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at $2,606,213.28. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,316 shares of company stock worth $25,062,887 in the last three months. Corporate insiders own 11.55% of the company's stock.

Alphabet 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.