Bank of Hawaii Cuts Stake in Alphabet Inc. (NASDAQ:GOOG)

Bank of Hawaii decreased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,267 shares of the information services provider's stock after selling 4,692 shares during the quarter. Alphabet accounts for approximately 0.6% of Bank of Hawaii's holdings, making the stock its 29th largest position. Bank of Hawaii's holdings in Alphabet were worth $10,335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GOOG. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter worth approximately $27,000. WealthTrak Capital Management LLC bought a new stake in shares of Alphabet during the 4th quarter worth $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet in the fourth quarter valued at about $39,000. Noble Wealth Management PBC bought a new stake in Alphabet during the 4th quarter valued at approximately $43,000. Finally, FPC Investment Advisory Inc. lifted its holdings in shares of Alphabet by 287.9% during the fourth quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider's stock worth $46,000 after buying an additional 167 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of Alphabet 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 sale, the chief accounting officer now directly owns 15,303 shares in the company, valued at $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 SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,297 shares of company stock valued at $20,804,770 over the last ninety days. 12.99% of the stock is currently owned by insiders.

Alphabet Trading Up 1.1 %

NASDAQ GOOG traded up $1.70 during trading hours on Monday, reaching $161.10. The company's stock had a trading volume of 7,649,005 shares, compared to its average volume of 19,377,317. 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 Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. The stock has a market cap of $1.96 trillion, a P/E ratio of 20.01, a P/E/G ratio of 1.34 and a beta of 1.04. The firm has a fifty day simple moving average of $170.50 and a 200-day simple moving average of $177.99.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping 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%. Equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors 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 yield of 0.50%. Alphabet's payout ratio is currently 9.94%.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research analyst reports. Scotiabank upped their price objective on shares of Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a research report on Friday, January 24th. Benchmark reaffirmed a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Rosenblatt Securities reissued a "neutral" rating on shares of Alphabet in a report on Wednesday, March 19th. The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $200.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $208.71.

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.