Alphabet Inc. (NASDAQ:GOOGL) Stock Position Cut by Orser Capital Management LLC

Orser Capital Management LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,609 shares of the information services provider’s stock after selling 120 shares during the quarter. Alphabet accounts for about 4.4% of Orser Capital Management LLC’s holdings, making the stock its 6th biggest holding. Orser Capital Management LLC’s holdings in Alphabet were worth $5,984,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. boosted its holdings in Alphabet by 3.1% in the fourth quarter. Armstrong Advisory Group Inc. now owns 4,984 shares of the information services provider’s stock valued at $943,000 after purchasing an additional 148 shares during the period. Advisors Management Group Inc. ADV raised its position in Alphabet by 34.1% in the 4th quarter. Advisors Management Group Inc. ADV now owns 43,182 shares of the information services provider’s stock valued at $8,174,000 after purchasing an additional 10,978 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its stake in shares of Alphabet by 9.5% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 24,470 shares of the information services provider’s stock valued at $4,632,000 after buying an additional 2,115 shares during the period. Presilium Private Wealth LLC grew its position in shares of Alphabet by 5.8% during the fourth quarter. Presilium Private Wealth LLC now owns 2,766 shares of the information services provider’s stock worth $524,000 after buying an additional 151 shares in the last quarter. Finally, Wiser Wealth Management Inc increased its stake in shares of Alphabet by 21.9% during the fourth quarter. Wiser Wealth Management Inc now owns 3,543 shares of the information services provider’s stock worth $671,000 after buying an additional 636 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the transaction, the director now owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. This represents a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the sale, the chief executive officer now directly owns 2,084,306 shares of the company’s stock, valued at $369,672,512.16. The trade was a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,387 shares of company stock worth $24,368,654 over the last ninety days. 11.55% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $196.00 on Friday. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The business’s 50 day simple moving average is $184.08 and its 200-day simple moving average is $173.33. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $201.42.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the prior year, the company earned $1.55 earnings per share. As a group, equities analysts forecast that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GOOGL. Stifel Nicolaus boosted their price target on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Roth Mkm boosted their target price on shares of Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their price target on Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Scotiabank upgraded Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Finally, JMP Securities restated a “market perform” rating on shares of Alphabet in a research note on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $208.15.

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.