Sage Capital Advisors llc Has $12.22 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Sage Capital Advisors llc grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 64,564 shares of the information services provider’s stock after acquiring an additional 196 shares during the quarter. Alphabet comprises 3.2% of Sage Capital Advisors llc’s investment portfolio, making the stock its 5th biggest position. Sage Capital Advisors llc’s holdings in Alphabet were worth $12,222,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. LMR Partners LLP bought a new stake in shares of Alphabet in the 3rd quarter valued at approximately $32,000. Denver PWM LLC bought a new position in Alphabet during the second quarter valued at $41,000. Quarry LP purchased a new stake in shares of Alphabet in the second quarter valued at $53,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Alphabet in the 3rd quarter worth about $66,000. Finally, Mendota Financial Group LLC boosted its stake in shares of Alphabet by 19.0% during the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after purchasing an additional 64 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Alphabet stock traded up $0.02 during trading hours on Friday, hitting $193.97. 15,047,110 shares of the stock traded hands, compared to its average volume of 22,359,191. The firm’s 50 day moving average price is $182.20 and its 200-day moving average price is $173.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 1.35 and a beta of 0.98. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $201.42.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the prior year, the firm earned $1.55 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on GOOGL shares. China Renaissance raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Wedbush boosted their price objective on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Monday. Wolfe Research increased their target price on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Roth Mkm boosted their target price on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $217.00 price objective (up previously from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $207.08.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,368 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at $3,961,445.55. This represents a 6.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $164.95, for a total value of $247,425.00. Following the transaction, the director now owns 26,324 shares in the company, valued at $4,342,143.80. This trade represents a 5.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 155,887 shares of company stock valued at $27,996,356. 11.55% 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.