Alphabet Inc. (NASDAQ:GOOGL) is GC Wealth Management RIA LLC's 9th Largest Position

GC Wealth Management RIA LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 19.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 49,877 shares of the information services provider's stock after selling 12,169 shares during the period. Alphabet accounts for about 1.7% of GC Wealth Management RIA LLC's portfolio, making the stock its 9th largest position. GC Wealth Management RIA LLC's holdings in Alphabet were worth $9,442,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bennett Selby Investments LP lifted its holdings in Alphabet by 4.0% in the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock valued at $256,000 after acquiring an additional 52 shares during the period. Macroview Investment Management LLC grew its stake in shares of Alphabet by 4.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after purchasing an additional 52 shares during the period. Conrad Siegel Investment Advisors Inc. increased its holdings in shares of Alphabet by 0.5% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock valued at $1,864,000 after purchasing an additional 53 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Alphabet by 2.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock valued at $457,000 after purchasing an additional 53 shares during the period. Finally, Addison Advisors LLC boosted its holdings in Alphabet by 0.7% during the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after buying an additional 53 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

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Alphabet Trading Down 3.2 %

Alphabet stock traded down $5.50 during trading on Wednesday, hitting $165.06. The company had a trading volume of 28,889,147 shares, compared to its average volume of 25,905,073. The stock has a market cap of $2.01 trillion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $147.22 and a 1-year high of $207.05. The company's 50 day simple moving average is $181.11 and its 200-day simple moving average is $176.78.

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, 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%. As a group, analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet's dividend payout ratio is presently 9.94%.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 1,368 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total transaction of $262,040.40. Following the sale, the chief accounting officer now owns 20,681 shares in the company, valued at $3,961,445.55. The trade was a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,048 shares of company stock valued at $17,374,274. 11.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GOOGL shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 price objective on shares of Alphabet in a report on Wednesday, February 5th. The Goldman Sachs Group restated a "buy" rating and issued a $210.00 price target on shares of Alphabet in a research note on Thursday, December 12th. Bank of America reissued a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. Wolfe Research upped their target price on Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, Wedbush lifted their price target on shares of Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and an average price target of $210.59.

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.