Carl P. Sherr & Co. LLC Has $2.46 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Carl P. Sherr & Co. LLC lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 1.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,934 shares of the information services provider’s stock after acquiring an additional 170 shares during the period. Alphabet makes up about 1.3% of Carl P. Sherr & Co. LLC’s investment portfolio, making the stock its 19th largest position. Carl P. Sherr & Co. LLC’s holdings in Alphabet were worth $2,463,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Weiss Asset Management LP acquired a new position in shares of Alphabet during the 3rd quarter worth about $25,000. Fiduciary Advisors Inc. bought a new position in Alphabet during the fourth quarter worth about $27,000. Safe Harbor Fiduciary LLC acquired a new position in Alphabet during the third quarter worth approximately $33,000. Sanctuary Wealth Management L.L.C. increased its position in Alphabet by 87.3% during the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock worth $42,000 after buying an additional 117 shares during the last quarter. Finally, Maryland Capital Advisors Inc. raised its stake in Alphabet by 33.0% in the fourth quarter. Maryland Capital Advisors Inc. now owns 266 shares of the information services provider’s stock valued at $51,000 after buying an additional 66 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on GOOG. Barclays boosted their target price on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Canaccord Genuity Group upped their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Benchmark reiterated a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Finally, Citigroup upped their target price on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Alphabet Price Performance

GOOG stock opened at $177.37 on Wednesday. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $208.70. The stock has a market capitalization of $2.16 trillion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. The company’s 50-day moving average is $193.29 and its 200-day moving average is $177.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is currently 9.94%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the sale, the director now owns 23,324 shares in the company, valued at $4,529,987.28. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,299 shares of company stock worth $25,055,751. 12.99% of the stock is owned by corporate insiders.

Alphabet Company 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.