Coldstream Capital Management Inc. Acquires 4,835 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Coldstream Capital Management Inc. boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,658 shares of the information services provider’s stock after acquiring an additional 4,835 shares during the quarter. Alphabet accounts for about 0.6% of Coldstream Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. Coldstream Capital Management Inc.’s holdings in Alphabet were worth $26,248,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of Alphabet by 3.1% during 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 in the last quarter. Passumpsic Savings Bank raised its position in Alphabet by 38.0% in the 3rd quarter. Passumpsic Savings Bank now owns 4,700 shares of the information services provider’s stock worth $779,000 after purchasing an additional 1,294 shares during the period. SOA Wealth Advisors LLC. lifted its stake in Alphabet by 0.5% in the third quarter. SOA Wealth Advisors LLC. now owns 37,379 shares of the information services provider’s stock worth $6,199,000 after purchasing an additional 202 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in Alphabet by 6.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,306 shares of the information services provider’s stock valued at $382,000 after buying an additional 130 shares during the period. Finally, Te Ahumairangi Investment Management Ltd boosted its position in Alphabet by 19.2% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 137,669 shares of the information services provider’s stock valued at $22,703,000 after buying an additional 22,169 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GOOGL. Needham & Company LLC reissued a “buy” rating and issued a $178.00 target price on shares of Alphabet in a research note on Friday. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Alphabet in a research report on Wednesday. Mizuho dropped their price objective on Alphabet from $230.00 to $205.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Susquehanna decreased their target price on shares of Alphabet from $225.00 to $220.00 and set a “positive” rating on the stock in a research note on Friday. Finally, BMO Capital Markets reissued an “outperform” rating and set a $200.00 price target (down previously from $230.00) on shares of Alphabet in a research report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $199.03.

Alphabet Trading Up 1.7 %

Shares of NASDAQ GOOGL opened at $161.96 on Friday. The company has a market cap of $1.97 trillion, a PE ratio of 20.12, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm’s 50 day moving average price is $162.18 and its 200-day moving average price is $175.43. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same period in the prior year, the firm posted $1.89 EPS. On average, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.52%. This is an increase from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 673 shares of Alphabet stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the sale, the chief accounting officer now directly owns 15,303 shares in the company, valued at $2,377,014.99. The trade was a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 17,690 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the transaction, the insider now owns 43,111 shares in the company, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,163 shares of company stock valued at $25,361,647. 11.55% of the stock is owned by insiders.

About Alphabet

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.