Qtron Investments LLC Has $13.18 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Qtron Investments LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,636 shares of the information services provider’s stock after selling 1,166 shares during the period. Alphabet makes up 1.9% of Qtron Investments LLC’s portfolio, making the stock its 8th largest holding. Qtron Investments LLC’s holdings in Alphabet were worth $13,182,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Community Bank N.A. lifted its position in shares of Alphabet by 6.4% in the fourth quarter. Community Bank N.A. now owns 46,173 shares of the information services provider’s stock worth $8,741,000 after buying an additional 2,790 shares in the last quarter. Premier Fund Managers Ltd increased its stake in Alphabet by 30.0% in the 4th quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider’s stock worth $11,816,000 after acquiring an additional 14,262 shares during the last quarter. Absolute Capital Management LLC raised its holdings in shares of Alphabet by 14.0% during the 4th quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider’s stock worth $401,000 after acquiring an additional 258 shares in the last quarter. Permanent Capital Management LP bought a new position in shares of Alphabet during the 4th quarter valued at approximately $273,000. Finally, Glass Wealth Management Co LLC grew its holdings in shares of Alphabet by 4.5% in the fourth quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider’s stock valued at $7,014,000 after purchasing an additional 1,580 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on GOOGL. Rosenblatt Securities reaffirmed a “neutral” rating and set a $205.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Piper Sandler lowered their price target on shares of Alphabet from $208.00 to $185.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Wells Fargo & Company dropped their price target on Alphabet from $184.00 to $167.00 and set an “equal weight” rating for the company in a research report on Monday, March 31st. Needham & Company LLC restated a “buy” rating and set a $178.00 price objective on shares of Alphabet in a research report on Wednesday. Finally, DZ Bank cut Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price for the company. in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $202.46.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 115,663 shares of company stock valued at $20,286,447 in the last 90 days. Insiders own 11.55% of the company’s stock.

Alphabet Stock Down 1.9 %

Alphabet stock opened at $153.33 on Thursday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.87 trillion, a P/E ratio of 19.05, a P/E/G ratio of 1.34 and a beta of 1.03. The business has a fifty day moving average of $166.53 and a two-hundred day moving average of $175.98. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

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.