Trillium Asset Management LLC Cuts Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Trillium Asset Management LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 863,403 shares of the information services provider's stock after selling 80,179 shares during the period. Alphabet makes up approximately 4.2% of Trillium Asset Management LLC's holdings, making the stock its 4th largest position. Trillium Asset Management LLC's holdings in Alphabet were worth $163,442,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Pettinga Financial Advisors LLC grew its position in Alphabet by 10.1% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider's stock valued at $363,000 after purchasing an additional 201 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Alphabet by 3.1% in the third quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider's stock worth $1,871,384,000 after buying an additional 337,031 shares in the last quarter. Empirical Finance LLC lifted its stake in shares of Alphabet by 2.2% in the third quarter. Empirical Finance LLC now owns 213,673 shares of the information services provider's stock worth $35,438,000 after buying an additional 4,522 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Alphabet by 6.6% during the third quarter. Empowered Funds LLC now owns 224,437 shares of the information services provider's stock valued at $37,223,000 after buying an additional 13,799 shares during the last quarter. Finally, Valley Wealth Managers Inc. increased its position in shares of Alphabet by 1.7% during the third quarter. Valley Wealth Managers Inc. now owns 141,204 shares of the information services provider's stock valued at $23,419,000 after acquiring an additional 2,426 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

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Alphabet Price Performance

GOOGL stock traded down $0.03 during midday trading on Wednesday, hitting $157.04. The company's stock had a trading volume of 24,682,619 shares, compared to its average volume of 27,382,781. 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 12 month low of $147.22 and a 12 month high of $207.05. The company has a 50 day moving average of $177.19 and a two-hundred day moving average of $176.95. The firm has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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, analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet's dividend payout ratio (DPR) is 9.94%.

Analysts Set New Price Targets

Several research firms recently issued reports on GOOGL. Morgan Stanley lowered their price objective on Alphabet from $215.00 to $210.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Rosenblatt Securities restated a "neutral" rating and issued a $205.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Westpark Capital raised Alphabet to a "strong-buy" rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their price objective on Alphabet from $232.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Finally, KeyCorp lowered their target price on shares of Alphabet from $220.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $209.49.

Insider Buying and Selling

In related news, insider John Kent Walker sold 11,764 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the sale, the insider now owns 49,037 shares in the company, valued at approximately $8,181,333.08. The trade was a 19.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 673 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares of the company's stock, valued at $2,377,014.99. This trade represents a 4.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,665 shares of company stock worth $16,198,310. Corporate insiders own 11.55% of the company's stock.

Alphabet Company 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.