Alphabet Inc. (NASDAQ:GOOGL) is Tocqueville Asset Management L.P.'s 6th Largest Position

Tocqueville Asset Management L.P. boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 834,106 shares of the information services provider's stock after acquiring an additional 3,297 shares during the period. Alphabet accounts for approximately 2.5% of Tocqueville Asset Management L.P.'s portfolio, making the stock its 6th largest holding. Tocqueville Asset Management L.P.'s holdings in Alphabet were worth $157,896,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Terra Alpha Investments LLC purchased a new position in Alphabet in the 4th quarter valued at approximately $5,343,000. TCTC Holdings LLC grew its position in shares of Alphabet by 0.6% in the fourth quarter. TCTC Holdings LLC now owns 63,071 shares of the information services provider's stock valued at $11,939,000 after purchasing an additional 386 shares in the last quarter. Counterpoint Mutual Funds LLC raised its stake in shares of Alphabet by 19.6% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 5,601 shares of the information services provider's stock valued at $1,060,000 after purchasing an additional 916 shares during the period. Signaturefd LLC lifted its holdings in Alphabet by 0.9% during the 4th quarter. Signaturefd LLC now owns 216,766 shares of the information services provider's stock worth $41,034,000 after purchasing an additional 1,986 shares in the last quarter. Finally, Brown University purchased a new stake in Alphabet during the 4th quarter worth about $5,679,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

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Alphabet Trading Up 1.6 %

NASDAQ:GOOGL traded up $2.43 during mid-day trading on Tuesday, reaching $157.07. 30,638,515 shares of the company's stock traded hands, compared to its average volume of 27,380,987. The company has a 50 day moving average price of $178.01 and a 200-day moving average price of $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. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. 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 posted its earnings results 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 return on equity of 32.49% and a net margin of 28.60%. On average, sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet's dividend payout ratio is 9.94%.

Analyst Ratings Changes

Several brokerages have recently weighed in on GOOGL. DA Davidson upped their price target on Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Robert W. Baird reaffirmed an "outperform" rating and set a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Rosenblatt Securities reissued a "neutral" rating and issued a $205.00 price target on shares of Alphabet in a report on Wednesday, March 19th. KeyCorp decreased their price target on shares of Alphabet from $220.00 to $202.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Finally, Morgan Stanley dropped their price objective on Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and a consensus price target of $209.49.

Insider Activity

In other news, CAO Amie Thuener O'toole sold 1,368 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 20,681 shares of the company's stock, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the sale, the director now owns 272,466 shares in the company, valued at $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,665 shares of company stock valued at $16,198,310. Corporate insiders own 11.55% of the company's stock.

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.