Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Boston Common Asset Management LLC

Boston Common Asset Management LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 39.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,449 shares of the information services provider’s stock after purchasing an additional 37,449 shares during the quarter. Boston Common Asset Management LLC’s holdings in Alphabet were worth $25,262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Lantz Financial LLC lifted its position in Alphabet by 10.8% in the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $842,000 after purchasing an additional 452 shares during the period. Spectrum Wealth Advisory Group LLC bought a new position in shares of Alphabet during the 2nd quarter valued at about $218,000. Stonebrook Private Inc. grew its stake in shares of Alphabet by 11.4% in the 2nd quarter. Stonebrook Private Inc. now owns 16,616 shares of the information services provider’s stock worth $3,027,000 after purchasing an additional 1,695 shares during the last quarter. Parcion Private Wealth LLC raised its holdings in shares of Alphabet by 10.5% in the 2nd quarter. Parcion Private Wealth LLC now owns 22,845 shares of the information services provider’s stock worth $4,161,000 after purchasing an additional 2,171 shares in the last quarter. Finally, Umpqua Bank lifted its position in shares of Alphabet by 2.7% during the 2nd quarter. Umpqua Bank now owns 44,719 shares of the information services provider’s stock valued at $8,146,000 after acquiring an additional 1,157 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the sale, the director now owns 21,824 shares in the company, valued at $4,142,195.20. This represents a 6.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet 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 owns 20,681 shares in the company, 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. In the last three months, insiders have sold 133,387 shares of company stock worth $24,368,654. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $196.00 on Monday. The business’s fifty day moving average is $184.43 and its two-hundred day moving average is $173.34. The firm has a market cap of $2.40 trillion, a P/E ratio of 25.99, a P/E/G ratio of 1.22 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $201.42.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The firm 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 period last year, the company earned $1.55 EPS. Equities research analysts forecast that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.20 per share. 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 currently 10.61%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a research note on Wednesday, October 30th. Truist Financial raised their price target on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their target price on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, Tigress Financial raised their price objective on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 26th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently 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.