Alphabet Inc. (NASDAQ:GOOGL) is Stevens Capital Management LP's 3rd Largest Position

Stevens Capital Management LP cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 73.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,088 shares of the information services provider's stock after selling 75,997 shares during the quarter. Alphabet accounts for about 2.1% of Stevens Capital Management LP's portfolio, making the stock its 3rd largest position. Stevens Capital Management LP's holdings in Alphabet were worth $5,317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Samalin Investment Counsel LLC boosted its position in Alphabet by 6.2% in the fourth quarter. Samalin Investment Counsel LLC now owns 5,719 shares of the information services provider's stock valued at $1,083,000 after buying an additional 332 shares in the last quarter. Heron Bay Capital Management lifted its stake in shares of Alphabet by 1.5% in the 4th quarter. Heron Bay Capital Management now owns 108,674 shares of the information services provider's stock valued at $20,572,000 after acquiring an additional 1,603 shares during the last quarter. Banco de Sabadell S.A boosted its holdings in shares of Alphabet by 1.8% during the 4th quarter. Banco de Sabadell S.A now owns 22,557 shares of the information services provider's stock valued at $4,270,000 after acquiring an additional 390 shares in the last quarter. Blueprint Investment Partners LLC grew its position in Alphabet by 66.9% during the 4th quarter. Blueprint Investment Partners LLC now owns 33,009 shares of the information services provider's stock worth $6,249,000 after acquiring an additional 13,231 shares during the last quarter. Finally, Mosley Wealth Management increased its holdings in Alphabet by 10.4% in the 4th quarter. Mosley Wealth Management now owns 6,172 shares of the information services provider's stock worth $1,206,000 after purchasing an additional 579 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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Alphabet Stock Performance

Shares of NASDAQ GOOGL traded down $5.12 during midday trading on Friday, reaching $145.60. The company's stock had a trading volume of 62,123,086 shares, compared to its average volume of 27,597,046. The stock has a market capitalization of $1.77 trillion, a P/E ratio of 18.09, a PEG ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a 50 day moving average price of $175.15 and a 200-day moving average price of $176.93. Alphabet Inc. has a 12-month low of $145.38 and a 12-month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping 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%. As a group, equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued 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 yield of 0.55%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 200 shares of the stock in a transaction 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 completion of the transaction, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the sale, the chief accounting officer now owns 15,303 shares in the company, valued at $2,377,014.99. This represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 119,797 shares of company stock valued at $21,089,470. Company insiders own 11.55% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on GOOGL. DA Davidson boosted their price target on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. DZ Bank lowered shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price on the stock. in a report on Thursday, February 6th. Morgan Stanley dropped their price target on shares of Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Roth Mkm reissued a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Wedbush raised their target price on Alphabet from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.13.

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.