Capital Advisors Inc. OK Sells 2,099 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Capital Advisors Inc. OK lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 26,323 shares of the information services provider's stock after selling 2,099 shares during the quarter. Capital Advisors Inc. OK's holdings in Alphabet were worth $4,983,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GOOGL. Peoples Financial Services CORP. raised its stake in Alphabet by 1.3% in the 3rd quarter. Peoples Financial Services CORP. now owns 14,939 shares of the information services provider's stock worth $2,478,000 after purchasing an additional 186 shares in the last quarter. Sumitomo Life Insurance Co. raised its stake in Alphabet by 2.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 190,810 shares of the information services provider's stock worth $31,646,000 after purchasing an additional 5,306 shares in the last quarter. McKinley Carter Wealth Services Inc. raised its stake in Alphabet by 1.1% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 80,123 shares of the information services provider's stock worth $13,288,000 after purchasing an additional 856 shares in the last quarter. Sentinel Pension Advisors Inc. raised its stake in Alphabet by 13.0% in the 3rd quarter. Sentinel Pension Advisors Inc. now owns 2,213 shares of the information services provider's stock worth $367,000 after purchasing an additional 254 shares in the last quarter. Finally, Leisure Capital Management raised its stake in Alphabet by 1.1% in the 3rd quarter. Leisure Capital Management now owns 17,160 shares of the information services provider's stock worth $2,846,000 after purchasing an additional 182 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on GOOGL. Citigroup decreased their target price on shares of Alphabet from $232.00 to $229.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Roth Mkm raised their target price on shares of Alphabet from $206.00 to $212.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. JPMorgan Chase & Co. decreased their target price on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $217.00 target price (up from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $210.62.

Alphabet Stock Down 2.7 %

Shares of Alphabet stock traded down $4.90 during trading on Friday, reaching $179.66. 35,094,289 shares of the company traded hands, compared to its average volume of 28,166,218. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $207.05. The company has a 50 day moving average price of $192.46 and a 200-day moving average price of $175.81. The firm has a market capitalization of $2.19 trillion, a PE ratio of 22.32, a P/E/G ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its 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 net margin of 28.60% and a return on equity of 32.49%. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. Alphabet's payout ratio is presently 9.94%.

Insider Activity at Alphabet

In other Alphabet news, insider Ruth Porat sold 17,690 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the sale, the insider now owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. The trade was a 1.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction 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 owns 17,848 shares of the company's stock, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,299 shares of company stock worth $25,055,751 in the last quarter. Company 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.