Cyrus J. Lawrence LLC Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Cyrus J. Lawrence LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,580 shares of the information services provider’s stock after acquiring an additional 180 shares during the period. Cyrus J. Lawrence LLC’s holdings in Alphabet were worth $2,967,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $27,000. Weiss Asset Management LP bought a new stake in shares of Alphabet during the third quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Alphabet during the third quarter valued at approximately $33,000. Noble Wealth Management PBC bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $43,000. Finally, FPC Investment Advisory Inc. increased its position in shares of Alphabet by 287.9% during the fourth quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 167 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GOOG. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Scotiabank lifted their target price on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Wedbush reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating on shares of Alphabet in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $209.13.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 29,066 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. The trade was a 9.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,048 shares of company stock worth $17,374,274. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Up 0.7 %

Shares of GOOG stock opened at $166.25 on Friday. Alphabet Inc. has a 1 year low of $148.20 and a 1 year high of $208.70. The firm has a fifty day moving average price of $184.37 and a 200-day moving average price of $177.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market cap of $2.03 trillion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is 9.94%.

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.