Haverford Financial Services Inc. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,284 shares of the information services provider's stock after selling 2,884 shares during the period. Alphabet comprises approximately 2.6% of Haverford Financial Services Inc.'s holdings, making the stock its 17th largest holding. Haverford Financial Services Inc.'s holdings in Alphabet were worth $8,572,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Community Bank N.A. raised its stake in Alphabet by 6.4% during the fourth quarter. Community Bank N.A. now owns 46,173 shares of the information services provider's stock worth $8,741,000 after acquiring an additional 2,790 shares during the period. Napatree Capital LLC grew its stake in Alphabet by 5.8% during the 4th quarter. Napatree Capital LLC now owns 12,959 shares of the information services provider's stock worth $2,453,000 after buying an additional 716 shares during the last quarter. Meridian Wealth Advisors LLC increased its position in Alphabet by 8.4% in the fourth quarter. Meridian Wealth Advisors LLC now owns 58,713 shares of the information services provider's stock worth $11,114,000 after buying an additional 4,542 shares during the period. Meridian Wealth Partners LLC lifted its stake in Alphabet by 4.3% in the fourth quarter. Meridian Wealth Partners LLC now owns 8,441 shares of the information services provider's stock valued at $1,598,000 after buying an additional 347 shares during the last quarter. Finally, Samalin Investment Counsel LLC grew its position in shares of Alphabet by 6.2% during the fourth quarter. Samalin Investment Counsel LLC now owns 5,719 shares of the information services provider's stock worth $1,083,000 after acquiring an additional 332 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
GOOGL has been the topic of several analyst reports. Roth Mkm restated a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Wolfe Research lifted their target price on Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. DZ Bank cut Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target for the company. in a research note on Thursday, February 6th. Robert W. Baird restated an "outperform" rating and set a $205.00 price objective on shares of Alphabet in a research note on Tuesday, December 10th. Finally, Westpark Capital raised shares of Alphabet to a "strong-buy" rating in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $209.13.
Check Out Our Latest Stock Analysis on GOOGL
Insiders Place Their Bets
In other news, Director John L. Hennessy sold 1,500 shares of the company's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total transaction of $284,700.00. Following the transaction, the director now directly owns 21,824 shares in the company, valued at approximately $4,142,195.20. This represents a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Kent Walker sold 17,690 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the transaction, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. This represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,297 shares of company stock worth $15,936,270 over the last three months. 11.55% of the stock is currently owned by corporate insiders.
Alphabet Price Performance
Shares of GOOGL stock traded down $6.32 during mid-day trading on Thursday, reaching $150.72. The company's stock had a trading volume of 46,763,615 shares, compared to its average volume of 27,471,312. The firm's 50-day moving average is $177.19 and its two-hundred day moving average is $176.95. The company has a market cap of $1.84 trillion, a P/E ratio of 18.72, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1-year low of $147.22 and a 1-year 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.
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, 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, research analysts predict 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. Shareholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is 9.94%.
About Alphabet
(
Free Report)
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.
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