Eagle Global Advisors LLC Has $34.60 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Eagle Global Advisors LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 182,790 shares of the information services provider’s stock after buying an additional 735 shares during the period. Alphabet makes up approximately 1.4% of Eagle Global Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Eagle Global Advisors LLC’s holdings in Alphabet were worth $34,602,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Compass Planning Associates Inc acquired a new stake in shares of Alphabet in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. bought a new position in shares of Alphabet in the fourth quarter worth about $39,000. PayPay Securities Corp boosted its stake in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. Finally, Anderson Financial Strategies LLC bought a new stake in shares of Alphabet during the 4th quarter valued at approximately $49,000. 40.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GOOGL shares. Wells Fargo & Company upped their price target on shares of Alphabet from $167.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, April 25th. JMP Securities restated a “market perform” rating on shares of Alphabet in a report on Tuesday. Rosenblatt Securities dropped their price objective on shares of Alphabet from $205.00 to $189.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Wedbush set a $190.00 target price on shares of Alphabet and gave the stock an “outperform” rating in a report on Tuesday, April 15th. Finally, Morgan Stanley dropped their price target on shares of Alphabet from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.46.

Alphabet Price Performance

Shares of Alphabet stock opened at $163.23 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The company has a fifty day moving average of $159.92 and a 200-day moving average of $175.42. The stock has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. The business had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same period in the prior year, the business posted $1.89 earnings per share. Equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a $0.21 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.51%. Alphabet’s payout ratio is presently 9.36%.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 2,824 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total transaction of $529,302.32. Following the sale, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,815,948.32. The trade was a 15.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the transaction, the director now directly owns 272,466 shares of the company’s stock, valued at approximately $50,376,238.74. This trade represents a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,824 shares of company stock valued at $25,086,603. Insiders own 11.55% of the company’s stock.

Alphabet Company 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.