RPg Family Wealth Advisory LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 82.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,570 shares of the information services provider's stock after selling 49,974 shares during the quarter. RPg Family Wealth Advisory LLC's holdings in Alphabet were worth $2,001,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in GOOGL. State Street Corp boosted its holdings in Alphabet by 0.3% during the 3rd quarter. State Street Corp now owns 222,555,548 shares of the information services provider's stock worth $36,910,838,000 after acquiring an additional 743,369 shares during the last quarter. Geode Capital Management LLC boosted its position in Alphabet by 2.0% in the third quarter. Geode Capital Management LLC now owns 134,030,679 shares of the information services provider's stock worth $22,154,651,000 after purchasing an additional 2,626,431 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Alphabet by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after purchasing an additional 4,567,275 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Alphabet by 1.5% in the 4th quarter. Fisher Asset Management LLC now owns 50,615,038 shares of the information services provider's stock worth $9,581,427,000 after buying an additional 757,138 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Alphabet by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 38,451,718 shares of the information services provider's stock valued at $7,278,910,000 after buying an additional 1,218,639 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.
Alphabet Stock Down 4.9 %
NASDAQ GOOGL traded down $7.91 on Friday, hitting $154.33. The stock had a trading volume of 48,610,349 shares, compared to its average volume of 27,276,841. 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 cap of $1.88 trillion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 52-week low of $147.22 and a 52-week high of $207.05. The business's fifty day moving average price is $179.66 and its 200 day moving average price is $176.72.
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 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%. Equities research analysts anticipate 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 issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is presently 9.94%.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. DA Davidson upped their price objective on Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Bank of America restated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Monday, December 23rd. Finally, Piper Sandler lowered their price target on Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $210.59.
Check Out Our Latest Report on Alphabet
Insider Activity
In other Alphabet news, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares of the company's stock, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,812 shares of company stock valued at $19,336,979 in the last three months. 11.55% of the stock is currently owned by corporate insiders.
Alphabet Company Profile
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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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