Coldstream Capital Management Inc. Grows Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Coldstream Capital Management Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,766 shares of the information services provider’s stock after acquiring an additional 10,048 shares during the quarter. Alphabet comprises approximately 0.5% of Coldstream Capital Management Inc.’s portfolio, making the stock its 27th biggest holding. Coldstream Capital Management Inc.’s holdings in Alphabet were worth $20,905,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. TrinityPoint Wealth LLC raised its stake in shares of Alphabet by 1.6% in the 4th quarter. TrinityPoint Wealth LLC now owns 59,125 shares of the information services provider’s stock valued at $8,259,000 after purchasing an additional 907 shares during the period. Seven Mile Advisory increased its position in shares of Alphabet by 4.0% during the fourth quarter. Seven Mile Advisory now owns 11,553 shares of the information services provider’s stock valued at $1,614,000 after acquiring an additional 448 shares during the last quarter. Abbot Financial Management Inc. lifted its holdings in shares of Alphabet by 3.3% in the fourth quarter. Abbot Financial Management Inc. now owns 35,612 shares of the information services provider’s stock worth $4,975,000 after buying an additional 1,132 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Alphabet by 4.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 97,230 shares of the information services provider’s stock worth $13,582,000 after purchasing an additional 4,163 shares during the last quarter. Finally, Giverny Capital Inc. raised its position in shares of Alphabet by 19.3% in the 4th quarter. Giverny Capital Inc. now owns 279,386 shares of the information services provider’s stock worth $39,027,000 after acquiring an additional 45,262 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of recent research reports. Roth Mkm reaffirmed a “buy” rating and set a $206.00 price target on shares of Alphabet in a research note on Thursday, August 29th. Guggenheim increased their price objective on Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Bank of America boosted their price target on shares of Alphabet from $200.00 to $206.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Mizuho lifted their price objective on Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, TD Securities raised their price objective on shares of Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Eight analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.08.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,835 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the transaction, the chief accounting officer now directly owns 29,182 shares in the company, valued at $4,421,948.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 700 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $165.00, for a total transaction of $115,500.00. Following the completion of the transaction, the director now directly owns 27,824 shares of the company’s stock, valued at approximately $4,590,960. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,835 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the sale, the chief accounting officer now owns 29,182 shares of the company’s stock, valued at $4,421,948.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,867 shares of company stock worth $29,878,106. 11.55% of the stock is currently owned by company insiders.

Alphabet Price Performance

Alphabet stock opened at $162.29 on Wednesday. The stock’s 50 day moving average is $163.80 and its 200 day moving average is $166.17. The firm has a market cap of $2.01 trillion, a P/E ratio of 24.89, a P/E/G ratio of 1.13 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. The business had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same period in the previous year, the business posted $1.44 earnings per share. As a group, research analysts expect that Alphabet Inc. will post 7.64 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 annualized dividend and a yield of 0.49%. Alphabet’s payout ratio is 12.27%.

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.