Curi RMB Capital LLC Has $66.63 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Curi RMB Capital LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 351,972 shares of the information services provider’s stock after buying an additional 16,274 shares during the period. Alphabet accounts for 1.5% of Curi RMB Capital LLC’s portfolio, making the stock its 9th largest position. Curi RMB Capital LLC’s holdings in Alphabet were worth $66,628,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Community Bank N.A. increased its position in shares of Alphabet by 6.4% during the fourth quarter. Community Bank N.A. now owns 46,173 shares of the information services provider’s stock worth $8,741,000 after acquiring an additional 2,790 shares during the period. Premier Fund Managers Ltd boosted its holdings in shares of Alphabet by 30.0% in the fourth quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider’s stock valued at $11,816,000 after purchasing an additional 14,262 shares during the period. Absolute Capital Management LLC increased its holdings in Alphabet by 14.0% during the 4th quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider’s stock worth $401,000 after purchasing an additional 258 shares during the period. Permanent Capital Management LP bought a new stake in Alphabet during the 4th quarter valued at $273,000. Finally, Glass Wealth Management Co LLC lifted its holdings in shares of Alphabet by 4.5% in the 4th quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider’s stock worth $7,014,000 after buying an additional 1,580 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GOOGL has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating and set a $200.00 price target (down previously from $230.00) on shares of Alphabet in a research note on Thursday. Piper Sandler cut their target price on shares of Alphabet from $208.00 to $185.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $178.00 price target on shares of Alphabet in a research report on Wednesday, April 16th. Wells Fargo & Company cut their price objective on shares of Alphabet from $184.00 to $167.00 and set an “equal weight” rating on the stock in a report on Monday, March 31st. Finally, Bank of America reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $200.74.

Alphabet Stock Performance

Shares of GOOGL stock opened at $151.08 on Monday. The company has a market capitalization of $1.84 trillion, a P/E ratio of 18.77, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The business’s 50 day moving average is $165.14 and its two-hundred day moving average is $175.91. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (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%. Analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

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 dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.53%. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares of the company’s stock, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the completion of the sale, the chief executive officer now owns 2,685,196 shares of the company’s stock, valued at $419,320,207.36. This trade represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,163 shares of company stock worth $25,361,647 in the last 90 days. Insiders own 11.55% of the company’s stock.

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.