Coldstream Capital Management Inc. grew its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 16.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,823 shares of the information services provider's stock after acquiring an additional 19,057 shares during the period. Alphabet comprises 0.5% of Coldstream Capital Management Inc.'s holdings, making the stock its 28th biggest position. Coldstream Capital Management Inc.'s holdings in Alphabet were worth $22,391,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc grew its stake in shares of Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock worth $26,000 after purchasing an additional 60 shares during the period. LMR Partners LLP purchased a new stake in Alphabet during the third quarter worth $32,000. Kings Path Partners LLC acquired a new stake in Alphabet during the second quarter valued at $36,000. Denver PWM LLC purchased a new position in Alphabet in the second quarter valued at $41,000. Finally, Quarry LP acquired a new position in shares of Alphabet in the second quarter worth about $53,000. Institutional investors and hedge funds own 40.03% of the company's stock.
GOOGL opened at $195.42 on Wednesday. The stock's 50-day moving average price is $172.93 and its 200 day moving average price is $170.97. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $201.42. The firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.39 and a beta of 1.01. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. During the same quarter in the prior year, the company earned $1.55 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 8.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.41%. Alphabet's dividend payout ratio is presently 10.61%.
In other news, Director John L. Hennessy sold 700 shares of Alphabet stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $165.00, for a total value of $115,500.00. Following the completion of the transaction, the director now owns 27,824 shares in the company, valued at approximately $4,590,960. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 2,834 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the transaction, the chief accounting officer now directly owns 20,681 shares of the company's stock, valued at approximately $4,085,531.55. This represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 178,957 shares of company stock worth $31,358,687 over the last 90 days. Corporate insiders own 11.55% of the company's stock.
Several equities analysts recently weighed in on GOOGL shares. Robert W. Baird restated an "outperform" rating and issued a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. Truist Financial upped their target price on Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price target on shares of Alphabet from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Loop Capital boosted their price target on shares of Alphabet from $170.00 to $185.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $210.00 price objective (up from $200.00) on shares of Alphabet in a report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $206.08.
Check Out Our Latest Stock Analysis on 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.
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