Nicollet Investment Management Inc. Has $15.73 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Nicollet Investment Management Inc. lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,596 shares of the information services provider’s stock after selling 2,735 shares during the period. Alphabet makes up about 5.4% of Nicollet Investment Management Inc.’s holdings, making the stock its 4th biggest position. Nicollet Investment Management Inc.’s holdings in Alphabet were worth $15,730,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nemes Rush Group LLC grew its stake in Alphabet by 12.4% in the 4th quarter. Nemes Rush Group LLC now owns 14,281 shares of the information services provider’s stock valued at $2,720,000 after buying an additional 1,571 shares in the last quarter. StoneX Group Inc. grew its position in shares of Alphabet by 35.9% in the fourth quarter. StoneX Group Inc. now owns 29,210 shares of the information services provider’s stock valued at $5,563,000 after purchasing an additional 7,719 shares in the last quarter. Gibson Capital LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $198,000. Tradewinds LLC. lifted its holdings in Alphabet by 4.6% during the 4th quarter. Tradewinds LLC. now owns 44,013 shares of the information services provider’s stock worth $8,210,000 after purchasing an additional 1,921 shares in the last quarter. Finally, Roundview Capital LLC boosted its stake in Alphabet by 0.8% in the 4th quarter. Roundview Capital LLC now owns 262,349 shares of the information services provider’s stock worth $49,962,000 after purchasing an additional 2,194 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Up 0.1 %

GOOG stock opened at $156.23 on Tuesday. The company has a market capitalization of $1.90 trillion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a one year low of $148.20 and a one year high of $208.70. The company’s 50 day moving average price is $180.70 and its two-hundred day moving average price is $178.70.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping 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%. As a group, analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GOOG. Benchmark reiterated a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Oppenheimer boosted their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $208.56.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,368 shares of the business’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 value of $262,040.40. Following the completion of the sale, the chief accounting officer now owns 20,681 shares in the company, valued at approximately $3,961,445.55. The trade was a 6.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the transaction, the director now owns 272,466 shares in the company, valued at $50,376,238.74. This represents a 9.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,992 shares of company stock worth $16,093,773 in the last ninety days. 12.99% of the stock is owned by company insiders.

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.