Alphabet Inc. (NASDAQ:GOOGL) is Schnieders Capital Management LLC’s 3rd Largest Position

Schnieders Capital Management LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 12.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,915 shares of the information services provider’s stock after selling 16,915 shares during the quarter. Alphabet accounts for 3.5% of Schnieders Capital Management LLC’s holdings, making the stock its 3rd largest position. Schnieders Capital Management LLC’s holdings in Alphabet were worth $15,913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOGL. Meritage Group LP increased its position in shares of Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares in the last quarter. Macroview Investment Management LLC increased its position in shares of Alphabet by 165.8% in the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after buying an additional 199 shares in the last quarter. Armor Investment Advisors LLC increased its position in shares of Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after buying an additional 80 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $55,000. Finally, LFA Lugano Financial Advisors SA increased its position in shares of Alphabet by 301.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock worth $73,000 after purchasing an additional 392 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of Alphabet stock opened at $163.86 on Thursday. Alphabet Inc. has a 52 week low of $103.71 and a 52 week high of $174.71. The business’s fifty day simple moving average is $149.22 and its 200-day simple moving average is $141.95. The firm has a market cap of $2.04 trillion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.29 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same quarter in the prior year, the company earned $1.17 EPS. Equities analysts forecast that Alphabet Inc. will post 7.49 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, June 10th.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the transaction, the director now owns 5,891 shares of the company’s stock, valued at approximately $1,035,402.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the sale, the chief executive officer now owns 2,377,691 shares in the company, valued at approximately $347,832,416.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 275,129 shares of company stock valued at $40,382,765. Corporate insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GOOGL. Stifel Nicolaus boosted their price target on Alphabet from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on Alphabet from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. BMO Capital Markets boosted their price target on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. JMP Securities boosted their price target on Alphabet from $160.00 to $200.00 and gave the stock a “market outperform” rating in a research report on Friday, April 26th. Finally, Needham & Company LLC boosted their price target on Alphabet from $160.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.60.

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.