Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Chase Investment Counsel Corp

Chase Investment Counsel Corp grew its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,664 shares of the information services provider's stock after purchasing an additional 13,331 shares during the quarter. Alphabet accounts for about 3.1% of Chase Investment Counsel Corp's holdings, making the stock its 6th biggest holding. Chase Investment Counsel Corp's holdings in Alphabet were worth $9,779,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GOOGL. Proficio Capital Partners LLC lifted its position in shares of Alphabet by 20,990.0% during the 4th quarter. Proficio Capital Partners LLC now owns 6,186,748 shares of the information services provider's stock worth $1,171,151,000 after buying an additional 6,157,413 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 acquiring an additional 4,567,275 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Alphabet in the 3rd quarter valued at $513,024,000. Geode Capital Management LLC increased 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 acquiring an additional 2,626,431 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of Alphabet by 26.9% in the 3rd quarter. National Bank of Canada FI now owns 10,064,598 shares of the information services provider's stock valued at $1,669,300,000 after acquiring an additional 2,136,128 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

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Insider Activity at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,374 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the sale, the chief accounting officer now owns 15,024 shares of the company's stock, valued at approximately $2,606,213.28. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now directly owns 7,813 shares of the company's stock, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,048 shares of company stock worth $17,374,274. Company insiders own 11.55% of the company's stock.

Alphabet Trading Down 2.2 %

Shares of GOOGL traded down $3.62 during mid-day trading on Tuesday, hitting $160.67. The company had a trading volume of 41,994,003 shares, compared to its average volume of 25,981,079. The business's 50-day simple moving average is $185.05 and its 200-day simple moving average is $176.58. 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 1-year low of $146.08 and a 1-year high of $207.05. The stock has a market cap of $1.96 trillion, a PE ratio of 19.96, a P/E/G ratio of 1.34 and a beta of 1.02.

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, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.50%. Alphabet's payout ratio is 9.94%.

Analysts Set New Price Targets

A number of brokerages have recently commented on GOOGL. Wells Fargo & Company lifted their target price on shares of Alphabet from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Robert W. Baird restated an "outperform" rating and set a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. Morgan Stanley cut their price objective on shares of Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Cantor Fitzgerald cut their price objective on shares of Alphabet from $215.00 to $210.00 and set a "neutral" rating for the company in a research report on Wednesday, January 22nd. Finally, DA Davidson upped their price objective on shares of Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $210.03.

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.