Americana Partners LLC Sells 1,463 Shares of Alphabet Inc. (NASDAQ:GOOG)

Americana Partners LLC trimmed its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,544 shares of the information services provider's stock after selling 1,463 shares during the quarter. Americana Partners LLC's holdings in Alphabet were worth $5,245,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GOOG. Weiss Asset Management LP acquired a new stake in Alphabet during the 3rd quarter valued at approximately $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth $27,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Alphabet during the 3rd quarter valued at about $33,000. Sanctuary Wealth Management L.L.C. boosted its stake in Alphabet by 87.3% in the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider's stock valued at $42,000 after acquiring an additional 117 shares during the period. Finally, Maryland Capital Advisors Inc. increased its position in Alphabet by 33.0% in the fourth quarter. Maryland Capital Advisors Inc. now owns 266 shares of the information services provider's stock worth $51,000 after buying an additional 66 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 2.7 %

Shares of Alphabet stock traded down $5.06 during trading on Friday, reaching $181.58. The stock had a trading volume of 19,447,412 shares, compared to its average volume of 17,667,480. 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 company has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 1.35 and a beta of 1.00. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $208.70. The stock has a fifty day moving average price of $194.22 and a two-hundred day moving average price of $177.08.

Alphabet (NASDAQ:GOOG - Get Free Report) last released 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%. Sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared 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. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GOOG shares. UBS Group upped their price objective on shares of Alphabet from $187.00 to $192.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Citizens Jmp cut Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Wells Fargo & Company lifted their target price on shares of Alphabet from $182.00 to $187.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Citigroup increased their target price on shares of Alphabet from $212.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Alphabet from $208.00 to $212.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $209.13.

Insider Transactions at Alphabet

In related news, 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 in the company, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the transaction, the director now directly owns 282,832 shares of the company's stock, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 116,609 shares of company stock worth $21,809,990 over the last quarter. Company insiders own 12.99% of the company's stock.

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.