Quadrant Capital Group LLC Has $23.78 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Quadrant Capital Group LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,637 shares of the information services provider’s stock after buying an additional 183 shares during the quarter. Alphabet comprises about 1.6% of Quadrant Capital Group LLC’s portfolio, making the stock its 13th largest position. Quadrant Capital Group LLC’s holdings in Alphabet were worth $23,783,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in Alphabet by 3.1% in the third quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock valued at $1,871,384,000 after acquiring an additional 337,031 shares during the last quarter. Garden State Investment Advisory Services LLC boosted its stake in shares of Alphabet by 30.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 13,536 shares of the information services provider’s stock valued at $2,246,000 after purchasing an additional 3,132 shares in the last quarter. Hollow Brook Wealth Management LLC grew its holdings in shares of Alphabet by 3.5% during the 3rd quarter. Hollow Brook Wealth Management LLC now owns 46,898 shares of the information services provider’s stock valued at $7,778,000 after purchasing an additional 1,578 shares during the last quarter. Hilltop Holdings Inc. increased its position in Alphabet by 59.6% during the 3rd quarter. Hilltop Holdings Inc. now owns 76,087 shares of the information services provider’s stock worth $12,619,000 after purchasing an additional 28,423 shares in the last quarter. Finally, Harmony Asset Management LLC lifted its stake in Alphabet by 2.7% in the 3rd quarter. Harmony Asset Management LLC now owns 51,749 shares of the information services provider’s stock valued at $8,583,000 after purchasing an additional 1,362 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOGL stock opened at $157.14 on Friday. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The firm has a market capitalization of $1.92 trillion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The firm has a fifty day simple moving average of $168.52 and a two-hundred day simple moving average of $176.22. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last posted its 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 net margin of 28.60% and a return on equity of 32.49%. Analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet’s payout ratio is 9.94%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley lowered their target price on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Mizuho dropped their target price on Alphabet from $230.00 to $205.00 and set an “outperform” rating for the company in a research report on Wednesday. Wedbush upped their price objective on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Finally, Roth Mkm reiterated a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $206.51.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the transaction, the chief accounting officer now owns 17,847 shares in the company, valued at $3,468,029.04. The trade was a 13.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares of the company’s stock, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,797 shares of company stock worth $21,089,470. 11.55% of the stock is owned by corporate 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.