Vickerman Investment Advisors Inc. Has $5.36 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Vickerman Investment Advisors Inc. reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 28,321 shares of the information services provider’s stock after selling 215 shares during the period. Alphabet accounts for 1.5% of Vickerman Investment Advisors Inc.’s holdings, making the stock its 14th largest holding. Vickerman Investment Advisors Inc.’s holdings in Alphabet were worth $5,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of GOOGL. Proficio Capital Partners LLC lifted its holdings in Alphabet by 20,990.0% during the 4th quarter. Proficio Capital Partners LLC now owns 6,186,748 shares of the information services provider’s stock worth $1,171,151,000 after purchasing an additional 6,157,413 shares during the last quarter. Amundi increased its position in Alphabet by 18.7% during the 4th quarter. Amundi now owns 29,866,698 shares of the information services provider’s stock worth $5,792,317,000 after buying an additional 4,694,621 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Alphabet by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock worth $10,559,240,000 after buying an additional 4,567,275 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Alphabet in the third quarter valued at about $513,024,000. Finally, Geode Capital Management LLC grew its stake in shares of Alphabet by 2.0% in the third quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider’s stock valued at $22,154,651,000 after acquiring an additional 2,626,431 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Trading Up 0.2 %

NASDAQ:GOOGL opened at $154.64 on Tuesday. Alphabet Inc. has a 52 week low of $147.22 and a 52 week high of $207.05. The firm’s fifty day moving average is $178.83 and its 200-day moving average is $177.10. The firm has a market cap of $1.89 trillion, a P/E ratio of 19.21, a P/E/G ratio of 1.34 and a beta of 1.02. 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 (NASDAQ:GOOGL) last issued its quarterly 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%. Equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was 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 of the company’s stock, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,368 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total value of $262,040.40. Following the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at $3,961,445.55. The trade was a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,992 shares of company stock valued at $16,093,773. 11.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Alphabet from $184.00 to $167.00 and set an “equal weight” rating on the stock in a report on Monday. Stifel Nicolaus lifted their price objective on Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 13th. Robert W. Baird reissued an “outperform” rating and set a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $205.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.49.

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.