Arbor Capital Management Inc. ADV Has $2.15 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Arbor Capital Management Inc. ADV trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 15.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,037 shares of the information services provider's stock after selling 1,949 shares during the period. Alphabet accounts for about 2.2% of Arbor Capital Management Inc. ADV's investment portfolio, making the stock its 8th largest position. Arbor Capital Management Inc. ADV's holdings in Alphabet were worth $2,152,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new position in Alphabet during the fourth quarter worth $30,000. LMR Partners LLP bought a new position in Alphabet in the third quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. raised its position in Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at approximately $39,000. Finally, PayPay Securities Corp raised its holdings in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after buying an additional 65 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were 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 of the company's stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 11,764 shares of the company's stock in a transaction dated 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 completion of the sale, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. This trade represents a 19.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,992 shares of company stock valued at $16,097,111 over the last quarter. 11.55% of the stock is owned by corporate insiders.

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Alphabet Stock Performance

NASDAQ:GOOGL traded down $0.54 during mid-day trading on Monday, hitting $153.80. The stock had a trading volume of 25,594,222 shares, compared to its average volume of 27,274,985. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company's 50 day simple moving average is $179.66 and its 200 day simple moving average is $177.10. Alphabet Inc. has a twelve month low of $147.22 and a twelve month high of $207.05. The stock has a market cap of $1.87 trillion, a price-to-earnings ratio of 19.12, a PEG ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate 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 forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several analyst reports. Morgan Stanley lowered their target price on shares of Alphabet from $215.00 to $210.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company reduced their price target on shares of Alphabet from $184.00 to $167.00 and set an "equal weight" rating on the stock in a research report on Monday. Stifel Nicolaus boosted their target price on shares of Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Jefferies Financial Group decreased their price target on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Wedbush boosted their price objective on shares of Alphabet from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus target price of $209.49.

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.