Brown Lisle Cummings Inc. Has $9.37 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Brown Lisle Cummings Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.1% in the 4th quarter, Holdings Channel reports. The fund owned 49,510 shares of the information services provider’s stock after acquiring an additional 1,030 shares during the quarter. Alphabet accounts for approximately 2.8% of Brown Lisle Cummings Inc.’s investment portfolio, making the stock its 5th biggest position. Brown Lisle Cummings Inc.’s holdings in Alphabet were worth $9,372,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GOOGL. Williams & Novak LLC boosted its holdings in Alphabet by 45.7% during the third quarter. Williams & Novak LLC now owns 4,389 shares of the information services provider’s stock worth $728,000 after purchasing an additional 1,376 shares during the last quarter. Axiom Advisory LLC boosted its holdings in Alphabet by 116.6% during the third quarter. Axiom Advisory LLC now owns 26,599 shares of the information services provider’s stock worth $4,454,000 after purchasing an additional 14,318 shares during the last quarter. Blue Zone Wealth Advisors LLC boosted its holdings in Alphabet by 2.7% during the third quarter. Blue Zone Wealth Advisors LLC now owns 61,650 shares of the information services provider’s stock worth $10,225,000 after purchasing an additional 1,616 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Alphabet by 1.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 143,529 shares of the information services provider’s stock worth $23,804,000 after purchasing an additional 2,389 shares during the last quarter. Finally, Marion Wealth Management boosted its holdings in Alphabet by 5.6% during the third quarter. Marion Wealth Management now owns 21,327 shares of the information services provider’s stock worth $3,537,000 after purchasing an additional 1,124 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

GOOGL stock opened at $186.14 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $207.05. The firm has a market cap of $2.28 trillion, a P/E ratio of 23.12, a P/E/G ratio of 1.39 and a beta of 0.99. The company’s 50-day moving average price is $192.37 and its two-hundred day moving average price is $174.95.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. On average, analysts anticipate that Alphabet Inc. will post 8.91 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Alphabet’s payout ratio is currently 9.94%.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total value of $3,975,075.00. Following the sale, the chief executive officer now directly owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the sale, the director now owns 282,832 shares in the company, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,529 shares of company stock worth $16,600,078. Corporate insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on GOOGL. Royal Bank of Canada increased their target price on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Stifel Nicolaus increased their price target on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley cut their price target on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, Citigroup dropped their price objective on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $210.62.

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.