J. W. Coons Advisors LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,154 shares of the information services provider's stock after selling 1,493 shares during the quarter. Alphabet makes up about 1.7% of J. W. Coons Advisors LLC's investment portfolio, making the stock its 7th biggest holding. J. W. Coons Advisors LLC's holdings in Alphabet were worth $6,655,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. Hardman Johnston Global Advisors LLC boosted its holdings in shares of Alphabet by 13.6% during the fourth quarter. Hardman Johnston Global Advisors LLC now owns 396,032 shares of the information services provider's stock valued at $74,969,000 after acquiring an additional 47,415 shares during the period. Asset Advisors Investment Management LLC lifted its position in Alphabet by 1.3% in the 4th quarter. Asset Advisors Investment Management LLC now owns 128,004 shares of the information services provider's stock valued at $24,231,000 after purchasing an additional 1,698 shares during the last quarter. Waverton Investment Management Ltd boosted its stake in Alphabet by 3.2% during the 4th quarter. Waverton Investment Management Ltd now owns 1,989,037 shares of the information services provider's stock valued at $376,594,000 after purchasing an additional 61,385 shares during the period. Cannon Wealth Management Services LLC grew its position in Alphabet by 4.1% in the 4th quarter. Cannon Wealth Management Services LLC now owns 2,793 shares of the information services provider's stock worth $562,000 after purchasing an additional 111 shares during the last quarter. Finally, Genesis Wealth Advisors LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $356,000. Institutional investors and hedge funds own 40.03% of the company's stock.
Insider Buying and Selling at Alphabet
In other Alphabet news, CAO Amie Thuener O'toole sold 1,374 shares of Alphabet stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the transaction, the chief accounting officer now directly owns 15,024 shares of the company's stock, valued at $2,606,213.28. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the transaction, the director now owns 23,324 shares of the company's stock, valued at approximately $4,529,987.28. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,182 shares of company stock worth $18,192,354 over the last 90 days. Insiders own 11.55% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on GOOGL shares. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research report on Wednesday, February 5th. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. DZ Bank lowered Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target on the stock. in a report on Thursday, February 6th. Citigroup cut their price objective on shares of Alphabet from $232.00 to $229.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Finally, Robert W. Baird reiterated an "outperform" rating and issued a $205.00 target price on shares of Alphabet in a research report on Tuesday, December 10th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $210.62.
View Our Latest Report on GOOGL
Alphabet Stock Up 1.9 %
Shares of GOOGL stock traded up $3.18 on Wednesday, hitting $167.22. The company's stock had a trading volume of 19,952,541 shares, compared to its average volume of 29,898,467. The stock has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a fifty-two week low of $138.99 and a fifty-two week high of $207.05. The firm's fifty day moving average price is $187.20 and its 200-day moving average price is $176.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping 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%. Research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet's payout ratio is currently 9.94%.
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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