Alphabet Inc. (NASDAQ:GOOGL) is Cozad Asset Management Inc.'s 9th Largest Position

Key Points

• Cozad Asset Management Inc. has reduced its holdings in Alphabet Inc. by 4.4% during the first quarter, owning 100,642 shares valued at approximately $15.56 million, which represents about 1.6% of its total holdings.
• Alphabet recently reported a quarterly earnings of $2.31 EPS, exceeding the consensus estimate of $2.15, with revenues of $96.43 billion.
• In recent analyst reports, multiple firms have raised their price targets for Alphabet, with the average target now at $211.53, while the stock holds a consensus rating of "Moderate Buy."

Cozad Asset Management Inc. lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 100,642 shares of the information services provider's stock after selling 4,625 shares during the period. Alphabet comprises about 1.6% of Cozad Asset Management Inc.'s portfolio, making the stock its 9th biggest position. Cozad Asset Management Inc.'s holdings in Alphabet were worth $15,563,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Perritt Capital Management Inc lifted its stake in Alphabet by 10.4% in the fourth quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider's stock valued at $117,000 after purchasing an additional 58 shares during the last quarter. Nia Impact Advisors LLC lifted its position in shares of Alphabet by 0.3% during the 4th quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider's stock valued at $3,249,000 after buying an additional 59 shares during the last quarter. Hanlon Investment Management Inc. grew its stake in shares of Alphabet by 1.7% during the 4th quarter. Hanlon Investment Management Inc. now owns 3,553 shares of the information services provider's stock worth $673,000 after acquiring an additional 60 shares during the period. Enzi Wealth increased its holdings in Alphabet by 2.5% in the 1st quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock worth $408,000 after acquiring an additional 62 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its stake in Alphabet by 1.2% in the 1st quarter. Whipplewood Advisors LLC now owns 5,438 shares of the information services provider's stock valued at $817,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Up 0.2%

Shares of NASDAQ:GOOGL traded up $0.43 during trading on Thursday, hitting $196.52. The stock had a trading volume of 26,014,319 shares, compared to its average volume of 36,916,484. The company has a market capitalization of $2.38 trillion, a PE ratio of 20.93, a PEG ratio of 1.32 and a beta of 1.01. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm's fifty day moving average is $179.76 and its 200 day moving average is $173.12. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.15 by $0.16. The business had revenue of $96,428,000 billion during the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. Analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's payout ratio is currently 8.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Cantor Fitzgerald increased their target price on shares of Alphabet from $196.00 to $201.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wells Fargo & Company boosted their target price on shares of Alphabet from $184.00 to $187.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Mizuho dropped their target price on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. JMP Securities lifted their price target on Alphabet from $220.00 to $225.00 and gave the company a "market outperform" rating in a research report on Thursday, July 24th. Finally, Loop Capital restated a "hold" rating and issued a $190.00 target price (up previously from $165.00) on shares of Alphabet in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $211.53.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the transaction, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 15,000 shares of the business's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $2,786,400.00. Following the completion of the sale, the director directly owned 240,400 shares in the company, valued at $44,656,704. This trade represents a 5.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 273,219 shares of company stock valued at $49,474,273. 11.64% of the stock is owned by company insiders.

Alphabet 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.