Commonwealth Equity Services LLC Has $507.21 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Commonwealth Equity Services LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,679,383 shares of the information services provider's stock after buying an additional 69,732 shares during the quarter. Alphabet makes up about 0.7% of Commonwealth Equity Services LLC's holdings, making the stock its 16th biggest position. Commonwealth Equity Services LLC's holdings in Alphabet were worth $507,207,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GOOGL. Schear Investment Advisers LLC grew its holdings in shares of Alphabet by 17.0% during the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock worth $5,598,000 after purchasing an additional 4,905 shares in the last quarter. Permanent Capital Management LP acquired a new stake in shares of Alphabet during the 4th quarter valued at about $273,000. Landscape Capital Management L.L.C. lifted its stake in Alphabet by 27.9% during the third quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock worth $4,192,000 after purchasing an additional 5,516 shares during the period. Glass Wealth Management Co LLC lifted its position in shares of Alphabet by 4.5% during 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 buying an additional 1,580 shares during the period. Finally, Olistico Wealth LLC raised its stake in Alphabet by 9.1% during the fourth quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock worth $1,700,000 after acquiring an additional 746 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, CAO Amie Thuener O'toole sold 1,368 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now owns 20,681 shares of the company's stock, valued at $3,961,445.55. The trade was a 6.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 11,764 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the sale, the insider now directly owns 49,037 shares in the company, valued at $8,181,333.08. This represents a 19.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,812 shares of company stock worth $19,336,979. 11.55% of the stock is owned by insiders.

Alphabet Trading Down 4.9 %

Shares of GOOGL traded down $7.91 during trading hours on Friday, hitting $154.33. The stock had a trading volume of 48,610,349 shares, compared to its average volume of 27,276,841. The firm has a market cap of $1.88 trillion, a P/E ratio of 19.17, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company's fifty day simple moving average is $179.66 and its 200 day simple moving average is $176.72. Alphabet Inc. has a 12-month low of $147.22 and a 12-month high of $207.05.

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 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%. Equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is presently 9.94%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GOOGL. Roth Mkm reiterated a "buy" rating and set a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. DZ Bank cut shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price for the company. in a research note on Thursday, February 6th. Wolfe Research lifted 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. Piper Sandler lowered their price objective on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $210.59.

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.