Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 736,626 shares of the information services provider's stock after selling 22,570 shares during the period. Alphabet makes up approximately 1.5% of Mutual of America Capital Management LLC's holdings, making the stock its 7th largest position. Mutual of America Capital Management LLC's holdings in Alphabet were worth $139,443,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GOOGL. Schear Investment Advisers LLC raised its stake in shares of Alphabet by 17.0% in the third quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock valued at $5,598,000 after purchasing an additional 4,905 shares in the last quarter. Landscape Capital Management L.L.C. raised its holdings in shares of Alphabet by 27.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock worth $4,192,000 after buying an additional 5,516 shares in the last quarter. Olistico Wealth LLC raised its holdings in shares of Alphabet by 9.1% in the 4th quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock worth $1,700,000 after buying an additional 746 shares in the last quarter. Centaurus Financial Inc. raised its holdings in shares of Alphabet by 22.9% in the 3rd quarter. Centaurus Financial Inc. now owns 61,540 shares of the information services provider's stock worth $10,206,000 after buying an additional 11,481 shares in the last quarter. Finally, Highline Wealth Partners LLC raised its holdings in shares of Alphabet by 22.7% in the 4th quarter. Highline Wealth Partners LLC now owns 23,164 shares of the information services provider's stock worth $4,385,000 after buying an additional 4,285 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Trading Down 2.6 %

NASDAQ:GOOGL opened at $162.76 on Friday. Alphabet Inc. has a fifty-two week low of $140.03 and a fifty-two week high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $1.98 trillion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The business's 50-day simple moving average is $186.22 and its 200-day simple moving average is $176.39.

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Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Insider Activity

In other news, insider John Kent Walker sold 16,820 shares of the business's 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 sale, the insider now directly owns 43,981 shares in the company, valued at $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 200 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,882 shares of company stock worth $17,934,130 in the last 90 days. Corporate insiders own 11.55% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GOOGL. Piper Sandler dropped their target price on Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group reissued a "buy" rating and issued a $210.00 target price on shares of Alphabet in a report on Thursday, December 12th. Bank of America reaffirmed a "buy" rating and set a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. Cantor Fitzgerald decreased their target price on Alphabet from $215.00 to $210.00 and set a "neutral" rating on the stock in a report on Wednesday, January 22nd. Finally, KeyCorp increased their target price on Alphabet from $215.00 to $225.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and an average target price of $210.62.

Alphabet 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.

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