Alphabet Inc. (NASDAQ:GOOGL) Position Reduced by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,552 shares of the information services provider's stock after selling 1,953 shares during the quarter. Alphabet accounts for about 1.6% of Tiemann Investment Advisors LLC's holdings, making the stock its 13th biggest position. Tiemann Investment Advisors LLC's holdings in Alphabet were worth $3,701,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in GOOGL. Bennett Selby Investments LP boosted 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 last quarter. Macroview Investment Management LLC raised its holdings in shares of Alphabet by 4.2% in 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. raised its holdings in shares of Alphabet by 0.5% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock worth $1,864,000 after purchasing an additional 53 shares during the period. 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 in the last quarter. Finally, Addison Advisors LLC grew its holdings in shares of Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after purchasing an additional 53 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research firms recently commented on GOOGL. Roth Mkm restated a "buy" rating and issued a $220.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Morgan Stanley cut their target price on shares of Alphabet from $215.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. DA Davidson upped their price target on shares of Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Rosenblatt Securities reiterated a "neutral" rating and issued a $205.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.59.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 17,690 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the transaction, the insider now owns 43,111 shares in the company, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the transaction, the director now directly owns 272,466 shares of the company's stock, valued at approximately $50,376,238.74. The trade was a 9.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,048 shares of company stock valued at $17,374,274 in the last quarter. Company insiders own 11.55% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOGL traded down $5.50 during trading hours on Wednesday, reaching $165.06. The company's stock had a trading volume of 28,552,871 shares, compared to its average volume of 25,889,569. The stock has a market cap of $2.01 trillion, a PE ratio of 20.50, a PEG ratio of 1.34 and a beta of 1.02. The business has a 50-day simple moving average of $181.72 and a 200 day simple moving average of $176.86. Alphabet Inc. has a 52 week low of $147.22 and a 52 week high of $207.05. 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 (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 (EPS) 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%. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company 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 currently 9.94%.

About Alphabet

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.