Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,786,850 shares of the information services provider's stock after selling 2,556,287 shares during the quarter. Alphabet makes up approximately 1.8% of Price T Rowe Associates Inc. MD's holdings, making the stock its 8th biggest holding. Price T Rowe Associates Inc. MD owned approximately 0.65% of Alphabet worth $15,194,609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $27,000. LSV Asset Management purchased a new position in shares of Alphabet in the 4th quarter worth $27,000. WealthTrak Capital Management LLC acquired a new position in Alphabet in the fourth quarter valued at $38,000. Mountain Hill Investment Partners Corp. purchased a new stake in Alphabet during the fourth quarter valued at about $39,000. Finally, Noble Wealth Management PBC acquired a new stake in Alphabet during the fourth quarter worth about $43,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the transaction, the chief executive officer now directly owns 2,685,196 shares in the company, valued at approximately $419,320,207.36. This trade represents a 1.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at $2,377,014.99. This represents a 4.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock worth $25,361,647 in the last 90 days. Corporate insiders own 12.99% of the company's stock.

Alphabet Stock Performance

GOOG stock traded up $2.38 during mid-day trading on Friday, reaching $163.85. The company had a trading volume of 35,100,087 shares, compared to its average volume of 19,459,690. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The stock's 50-day simple moving average is $164.25 and its two-hundred day simple moving average is $177.16. The stock has a market capitalization of $2.00 trillion, a P/E ratio of 20.35, a P/E/G ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.77. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. Research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

Analysts Set New Price Targets

GOOG has been the subject of a number of research reports. UBS Group decreased their target price on Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. lifted their target price on shares of Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a report on Friday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Oppenheimer increased their price objective on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $203.94.

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.