Van Den Berg Management I Inc. Cuts Holdings in Alphabet Inc. (NASDAQ:GOOG)

Van Den Berg Management I Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,906 shares of the information services provider's stock after selling 3,094 shares during the period. Alphabet makes up about 4.0% of Van Den Berg Management I Inc.'s investment portfolio, making the stock its 5th biggest position. Van Den Berg Management I Inc.'s holdings in Alphabet were worth $13,884,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now directly owns 2,685,196 shares of the company's stock, valued at approximately $419,320,207.36. This trade represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 148,163 shares of company stock valued at $25,361,647. Company insiders own 12.99% of the company's stock.

Alphabet Stock Up 1.5 %

Alphabet stock traded up $2.38 during midday trading on Friday, hitting $163.85. The stock had a trading volume of 35,100,087 shares, compared to its average volume of 19,459,692. The business has a fifty day moving average price of $164.25 and a 200 day moving average price of $177.16. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The stock has a market cap 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. 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:GOOG - Get Free Report) last issued 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 business had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Research analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Needham & Company LLC reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. Oppenheimer boosted their price objective on Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday. Benchmark reaffirmed a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.