Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Beck Mack & Oliver LLC

Beck Mack & Oliver LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 470,152 shares of the information services provider's stock after selling 5,694 shares during the period. Alphabet accounts for about 1.6% of Beck Mack & Oliver LLC's portfolio, making the stock its 25th biggest holding. Beck Mack & Oliver LLC's holdings in Alphabet were worth $89,000,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GOOGL. Bennett Selby Investments LP boosted its position in shares of Alphabet by 4.0% in the 4th quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock worth $256,000 after purchasing an additional 52 shares in the last quarter. Macroview Investment Management LLC boosted its holdings in Alphabet by 4.2% in the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after acquiring an additional 52 shares in the last quarter. Conrad Siegel Investment Advisors Inc. grew its stake in shares of Alphabet by 0.5% during the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock worth $1,864,000 after acquiring an additional 53 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in Alphabet by 2.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after purchasing an additional 53 shares in the last quarter. Finally, Addison Advisors LLC grew its position in Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after purchasing an additional 53 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the company's 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 completion of the sale, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of the transaction, the insider now owns 43,111 shares in the company, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock worth $25,361,647 over the last 90 days. Corporate insiders own 11.55% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on GOOGL shares. Wolfe Research boosted their target price on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Wells Fargo & Company dropped their target price 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, March 31st. Rosenblatt Securities reissued a "neutral" rating and set a $205.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Mizuho lowered their price objective on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. cut their target price on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.64.

Alphabet Trading Up 2.0 %

Shares of NASDAQ GOOGL traded up $3.17 during trading on Thursday, reaching $158.52. The stock had a trading volume of 14,323,655 shares, compared to its average volume of 32,786,879. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. 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 business's 50-day moving average price is $163.13 and its 200-day moving average price is $175.47. The company has a market cap of $1.93 trillion, a P/E ratio of 19.68, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.50%. Alphabet's dividend payout ratio is presently 9.94%.

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.