Nemes Rush Group LLC Has $13.21 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Nemes Rush Group LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,806 shares of the information services provider’s stock after acquiring an additional 5,639 shares during the period. Alphabet makes up 1.6% of Nemes Rush Group LLC’s portfolio, making the stock its 16th largest holding. Nemes Rush Group LLC’s holdings in Alphabet were worth $13,214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GOOGL. Principal Financial Group Inc. grew its stake in shares of Alphabet by 3.1% in the third quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock worth $1,871,384,000 after acquiring an additional 337,031 shares during the last quarter. First Commonwealth Financial Corp PA lifted its position in Alphabet by 0.7% in the third quarter. First Commonwealth Financial Corp PA now owns 31,900 shares of the information services provider’s stock worth $5,291,000 after purchasing an additional 218 shares during the period. FORA Capital LLC lifted its position in Alphabet by 222.5% in the third quarter. FORA Capital LLC now owns 22,500 shares of the information services provider’s stock worth $3,732,000 after purchasing an additional 15,523 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Alphabet by 9.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,385,621 shares of the information services provider’s stock worth $727,355,000 after purchasing an additional 364,348 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP bought a new position in Alphabet in the third quarter worth $17,523,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group set a $190.00 target price on Alphabet in a research report on Thursday, March 27th. JPMorgan Chase & Co. cut their price objective on Alphabet from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Tuesday. DZ Bank cut Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective for the company. in a report on Thursday, February 6th. Mizuho cut their price objective on Alphabet from $230.00 to $205.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Roth Mkm reissued a “buy” rating and set a $220.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Ten 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.97.

Alphabet Stock Up 9.7 %

GOOGL stock opened at $158.71 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.93 trillion, a PE ratio of 19.72, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The business’s 50 day simple moving average is $170.47 and its 200 day simple moving average is $176.32.

Alphabet (NASDAQ:GOOGL) last posted its earnings results 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%. As a group, research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio is 9.94%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the sale, the chief accounting officer now directly owns 17,847 shares in the company, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the director now owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,797 shares of company stock valued at $21,089,470 in the last ninety days. 11.55% of the stock is currently owned by corporate insiders.

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.