Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Triple Frond Partners LLC

Triple Frond Partners LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 807,314 shares of the information services provider's stock after selling 29,536 shares during the period. Alphabet accounts for 19.9% of Triple Frond Partners LLC's holdings, making the stock its biggest holding. Triple Frond Partners LLC's holdings in Alphabet were worth $153,745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Alphabet during the fourth quarter valued at $1,551,533,000. FMR LLC grew its position in shares of Alphabet by 5.2% during the third quarter. FMR LLC now owns 114,802,133 shares of the information services provider's stock valued at $19,193,768,000 after purchasing an additional 5,655,022 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Alphabet by 5,712.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,367,831 shares of the information services provider's stock worth $831,810,000 after purchasing an additional 4,292,689 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Alphabet by 10.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,334,082 shares of the information services provider's stock worth $5,573,125,000 after buying an additional 3,113,395 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Alphabet during the fourth quarter valued at approximately $328,018,000. 27.26% of the stock is currently owned by institutional investors.

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Alphabet Stock Up 1.7 %

GOOG stock traded up $2.86 during trading on Tuesday, reaching $172.79. 13,811,344 shares of the company traded hands, compared to its average volume of 17,855,898. The business has a 50 day simple moving average of $183.56 and a 200 day simple moving average of $178.44. 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 12 month low of $148.20 and a 12 month high of $208.70. The company has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG - Get Free Report) last released 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%. On average, equities research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.46%. Alphabet's dividend payout ratio is presently 9.94%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GOOG. Rosenblatt Securities reaffirmed a "neutral" rating on shares of Alphabet in a research note on Wednesday, March 19th. Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Benchmark reiterated a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. Needham & Company LLC reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $209.13.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,374 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the transaction, the chief accounting officer now directly owns 15,024 shares of the company's stock, valued at $2,606,213.28. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock valued at $17,374,274 in the last 90 days. 12.99% of the stock is currently 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.