Douglass Winthrop Advisors LLC Sells 3,153 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Douglass Winthrop Advisors LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 353,873 shares of the information services provider's stock after selling 3,153 shares during the period. Douglass Winthrop Advisors LLC's holdings in Alphabet were worth $66,988,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Permanent Capital Management LP purchased a new position in shares of Alphabet during the 4th quarter valued at $273,000. Landscape Capital Management L.L.C. raised its holdings in shares of Alphabet by 27.9% during the third quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock worth $4,192,000 after acquiring an additional 5,516 shares in the last quarter. Glass Wealth Management Co LLC boosted its position in Alphabet by 4.5% during the fourth quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock valued at $7,014,000 after purchasing an additional 1,580 shares during the last quarter. Olistico Wealth LLC grew its stake in Alphabet by 9.1% in the fourth quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock valued at $1,700,000 after purchasing an additional 746 shares in the last quarter. Finally, Centaurus Financial Inc. increased its position in 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 purchasing an additional 11,481 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at approximately $2,377,014.99. The trade was a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 11,764 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the sale, the insider now owns 49,037 shares in the company, valued at approximately $8,181,333.08. This trade represents a 19.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,297 shares of company stock worth $15,936,270. Insiders own 11.55% of the company's stock.

Alphabet Trading Down 3.4 %

Shares of GOOGL traded down $5.12 on Friday, reaching $145.60. 62,123,086 shares of the company's stock were exchanged, compared to its average volume of 27,580,556. Alphabet Inc. has a 12 month low of $144.48 and a 12 month high of $207.05. The stock has a market capitalization of $1.77 trillion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $175.15 and a two-hundred day moving average price of $176.68.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. Research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's payout ratio is 9.94%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Morgan Stanley lowered their price target on Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. DA Davidson boosted their target price 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. KeyCorp cut their price target on shares of Alphabet from $220.00 to $202.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. JPMorgan Chase & Co. reduced their price objective on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, Roth Mkm reissued a "buy" rating and set a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $209.13.

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.