Fiducient Advisors LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 75.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,392 shares of the information services provider's stock after selling 7,463 shares during the period. Fiducient Advisors LLC's holdings in Alphabet were worth $456,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fiduciary Advisors Inc. purchased a new stake in Alphabet in the 4th quarter valued at $27,000. LSV Asset Management bought a new position in shares of Alphabet during the fourth quarter valued at about $27,000. WealthTrak Capital Management LLC bought a new position in Alphabet during the 4th quarter valued at approximately $38,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Alphabet during the fourth quarter valued at about $39,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Alphabet in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 27.26% of the company's stock.
Insider Activity at Alphabet
In other Alphabet news, Director Kavitark Ram Shriram sold 29,066 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the transaction, the director now owns 272,466 shares of the company's stock, valued at approximately $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the sale, the insider now directly owns 43,111 shares of the company's stock, valued at $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 115,663 shares of company stock worth $20,286,447 in the last three months. Insiders own 12.99% of the company's stock.
Analysts Set New Price Targets
GOOG has been the topic of a number of recent research reports. Westpark Capital initiated coverage on Alphabet in a report on Tuesday, April 1st. They issued a "buy" rating and a $210.00 target price on the stock. Morgan Stanley reaffirmed an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Oppenheimer lifted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, Needham & Company LLC reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.71.
View Our Latest Report on GOOG
Alphabet Stock Down 2.0 %
Shares of GOOG traded down $3.18 on Wednesday, hitting $155.50. 16,903,668 shares of the stock traded hands, compared to its average volume of 19,400,727. 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 $142.66 and a one year high of $208.70. The company has a market capitalization of $1.90 trillion, a PE ratio of 19.32, a P/E/G ratio of 1.34 and a beta of 1.04. The business has a 50 day simple moving average of $169.17 and a 200 day simple moving average of $177.83.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.
About Alphabet
(
Free Report)
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.
See Also
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
