Alphabet Inc. (NASDAQ:GOOGL) Holdings Cut by Kimelman & Baird LLC

Kimelman & Baird LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 278,001 shares of the information services provider's stock after selling 6,441 shares during the quarter. Alphabet comprises about 4.2% of Kimelman & Baird LLC's holdings, making the stock its 7th largest position. Kimelman & Baird LLC's holdings in Alphabet were worth $52,626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Compass Planning Associates Inc acquired a new stake in shares of Alphabet in the 4th quarter worth $30,000. LMR Partners LLP purchased a new position in Alphabet during the third quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. purchased a new stake in Alphabet in the 4th quarter valued at approximately $39,000. Finally, PayPay Securities Corp increased its position in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price target on Alphabet from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 13th. The Goldman Sachs Group restated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Wedbush increased their price target on shares of Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a report on Monday, January 6th. Roth Mkm reissued a "buy" rating and set a $220.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Finally, Wolfe Research upped their target price on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.49.

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Insider Activity

In other Alphabet news, Director John L. Hennessy sold 200 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the transaction, the director now owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares of the company's stock, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,665 shares of company stock valued at $16,198,310 in the last three months. Corporate insiders own 11.55% of the company's stock.

Alphabet Trading Up 1.6 %

Alphabet stock traded up $2.43 during trading on Tuesday, reaching $157.07. The company had a trading volume of 30,638,515 shares, compared to its average volume of 27,380,987. Alphabet Inc. has a 12-month low of $147.22 and a 12-month high of $207.05. 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 stock's 50 day moving average price is $178.01 and its two-hundred day moving average price is $177.09. The firm has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. As a group, equities analysts expect that Alphabet Inc. will post 8.9 earnings per share 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 issued a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. Alphabet's dividend payout ratio (DPR) is 9.94%.

About Alphabet

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.