LaSalle St. Investment Advisors LLC Increases Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

LaSalle St. Investment Advisors LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 199.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,951 shares of the information services provider's stock after buying an additional 11,297 shares during the period. Alphabet makes up 1.0% of LaSalle St. Investment Advisors LLC's holdings, making the stock its 15th biggest holding. LaSalle St. Investment Advisors LLC's holdings in Alphabet were worth $3,228,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the fourth quarter worth $27,000. LSV Asset Management bought a new stake in Alphabet in the 4th quarter valued at about $27,000. WealthTrak Capital Management LLC acquired a new position in Alphabet during the 4th quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. bought a new position in Alphabet in the fourth quarter worth approximately $39,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $43,000. Institutional investors own 27.26% of the company's stock.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $161.90, for a total transaction of $32,380.00. Following the completion of the transaction, the director now owns 7,613 shares in the company, valued at $1,232,544.70. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O'toole sold 673 shares of Alphabet stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares of the company's stock, valued at $2,377,014.99. The trade was a 4.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 115,663 shares of company stock worth $20,286,447. 12.99% of the stock is owned by company insiders.

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Alphabet Stock Performance

NASDAQ GOOG traded down $3.18 during trading hours on Wednesday, reaching $155.50. 16,903,668 shares of the company were exchanged, compared to its average volume of 19,384,852. 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 has a market capitalization of $1.90 trillion, a P/E ratio of 19.32, a P/E/G ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The business's 50 day simple moving average is $169.17 and its 200-day simple moving average is $177.83.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend 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 is presently 9.94%.

Analyst Upgrades and Downgrades

GOOG has been the subject of several research reports. KeyCorp reduced their price target on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Citizens Jmp cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Morgan Stanley reaffirmed an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Rosenblatt Securities reiterated a "neutral" rating on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Oppenheimer increased their price objective on Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $208.71.

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.