Montrusco Bolton Investments Inc. Has $377.01 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Montrusco Bolton Investments Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 12.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,762,048 shares of the information services provider’s stock after purchasing an additional 304,819 shares during the quarter. Alphabet comprises approximately 4.7% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 3rd largest holding. Montrusco Bolton Investments Inc.’s holdings in Alphabet were worth $377,010,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sonata Capital Group Inc. lifted its holdings in Alphabet by 5.1% during the third quarter. Sonata Capital Group Inc. now owns 3,720 shares of the information services provider’s stock worth $487,000 after acquiring an additional 180 shares in the last quarter. Ramsay Stattman Vela & Price Inc. increased its holdings in Alphabet by 0.4% during the 3rd quarter. Ramsay Stattman Vela & Price Inc. now owns 38,270 shares of the information services provider’s stock worth $5,008,000 after purchasing an additional 140 shares in the last quarter. Bordeaux Wealth Advisors LLC grew its holdings in shares of Alphabet by 6.0% during the third quarter. Bordeaux Wealth Advisors LLC now owns 107,788 shares of the information services provider’s stock worth $14,105,000 after buying an additional 6,063 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Alphabet by 6.4% in the third quarter. Grove Bank & Trust now owns 26,092 shares of the information services provider’s stock valued at $3,414,000 after purchasing an additional 1,574 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Alphabet by 3.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 762,477 shares of the information services provider’s stock worth $99,778,000 after purchasing an additional 25,964 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GOOGL has been the topic of several recent research reports. Oppenheimer lifted their price target on shares of Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Morgan Stanley reiterated an “overweight” rating and set a $195.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. BMO Capital Markets reissued an “outperform” rating and issued a $215.00 target price on shares of Alphabet in a research note on Wednesday, May 15th. Wolfe Research upped their price target on shares of Alphabet from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Piper Sandler reissued an “overweight” rating and issued a $200.00 price objective (up previously from $160.00) on shares of Alphabet 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.60.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $176.38 on Thursday. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.36 and a beta of 1.02. Alphabet Inc. has a fifty-two week low of $115.35 and a fifty-two week high of $178.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a fifty day moving average price of $159.52 and a 200-day moving average price of $146.20.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. As a group, equities analysts anticipate that Alphabet Inc. will post 7.61 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the sale, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at $309,548,095.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the sale, the chief accounting officer now owns 28,602 shares in the company, valued at $3,903,886.98. The disclosure for this sale can be found here. Insiders sold a total of 205,935 shares of company stock worth $31,178,987 over the last three months. Corporate insiders own 11.55% of the company’s stock.

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.