Pacifica Partners Inc. Has $615,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Pacifica Partners Inc. lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,245 shares of the information services provider’s stock after selling 155 shares during the quarter. Pacifica Partners Inc.’s holdings in Alphabet were worth $615,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GOOGL. LMR Partners LLP acquired a new position in Alphabet in the 3rd quarter valued at approximately $32,000. Denver PWM LLC bought a new stake in Alphabet in the second quarter worth approximately $41,000. Quarry LP bought a new stake in Alphabet in the second quarter worth approximately $53,000. Teachers Insurance & Annuity Association of America bought a new stake in Alphabet in the third quarter worth approximately $66,000. Finally, Mendota Financial Group LLC grew its position in Alphabet by 19.0% in the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $190.00 target price on shares of Alphabet in a research report on Wednesday, October 30th. Bank of America reaffirmed a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. KeyCorp upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Finally, Wedbush upped their price objective on shares of Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $208.15.

Alphabet Trading Up 3.1 %

Shares of Alphabet stock opened at $195.55 on Thursday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $201.42. The company has a 50-day simple moving average of $183.45 and a 200 day simple moving average of $173.04.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter last year, the company posted $1.55 EPS. Research analysts expect that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is presently 10.61%.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the transaction, the chief accounting officer now directly owns 26,349 shares in the company, valued at $4,516,745.58. This trade represents a 4.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,387 shares of company stock worth $24,368,654. 11.55% of the stock is currently 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.