Armstrong Fleming & Moore Inc Trims Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Armstrong Fleming & Moore Inc trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,172 shares of the information services provider's stock after selling 1,999 shares during the quarter. Alphabet accounts for approximately 0.8% of Armstrong Fleming & Moore Inc's investment portfolio, making the stock its 23rd biggest holding. Armstrong Fleming & Moore Inc's holdings in Alphabet were worth $1,358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. LifeGoal Wealth Advisors purchased a new stake in Alphabet in the 4th quarter worth approximately $314,000. Impact Investors Inc purchased a new position in shares of Alphabet during the 4th quarter valued at approximately $735,000. Sabal Trust CO lifted its stake in shares of Alphabet by 21.9% in the 4th quarter. Sabal Trust CO now owns 34,695 shares of the information services provider's stock valued at $6,568,000 after purchasing an additional 6,224 shares during the period. Bryn Mawr Capital Management LLC boosted its holdings in Alphabet by 1.1% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 214,819 shares of the information services provider's stock worth $40,665,000 after buying an additional 2,256 shares in the last quarter. Finally, Siligmueller & Norvid Wealth Advisors LLC acquired a new stake in Alphabet during the fourth quarter valued at $879,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In other news, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction dated 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 owns 272,466 shares in the company, valued at approximately $50,376,238.74. This trade represents a 9.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $4,085,531.55. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 97,182 shares of company stock worth $18,192,354. Corporate insiders own 11.55% of the company's stock.

Alphabet Stock Down 1.1 %

NASDAQ:GOOGL opened at $164.04 on Wednesday. Alphabet Inc. has a 52 week low of $137.03 and a 52 week high of $207.05. The stock's fifty day moving average is $187.20 and its two-hundred day moving average is $176.55. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

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Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

Analysts Set New Price Targets

A number of brokerages have weighed in on GOOGL. Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Stifel Nicolaus upped their price target on Alphabet from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Alphabet in a report on Wednesday, February 5th. Piper Sandler cut their price objective on Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, DA Davidson increased their target price on Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $210.62.

Alphabet Company 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.

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