Capital Counsel LLC NY Cuts Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Capital Counsel LLC NY cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,964 shares of the information services provider's stock after selling 1,900 shares during the quarter. Alphabet accounts for about 0.1% of Capital Counsel LLC NY's portfolio, making the stock its 20th largest position. Capital Counsel LLC NY's holdings in Alphabet were worth $2,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GOOGL. Compass Planning Associates Inc purchased a new stake in shares of Alphabet during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Alphabet during the 4th quarter worth approximately $39,000. PayPay Securities Corp increased its stake in shares of Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Denver PWM LLC increased its stake in shares of Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after purchasing an additional 57 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GOOGL shares. Wells Fargo & Company reduced their price objective on shares of Alphabet from $184.00 to $167.00 and set an "equal weight" rating for the company in a research note on Monday, March 31st. Stifel Nicolaus reduced their price target on shares of Alphabet from $225.00 to $192.00 and set a "buy" rating for the company in a research report on Wednesday. Wedbush set a $190.00 price target on shares of Alphabet and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. Truist Financial lowered their price target on shares of Alphabet from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Wolfe Research boosted their price target on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $199.64.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total value of $5,075,200.00. Following the sale, the chief executive officer now directly owns 2,685,196 shares of the company's stock, valued at approximately $419,320,207.36. This represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,163 shares of company stock valued at $25,361,647 in the last three months. 11.55% of the stock is owned by corporate insiders.

Alphabet Stock Up 2.1 %

Shares of NASDAQ:GOOGL traded up $3.30 during trading on Thursday, hitting $158.65. The company's stock had a trading volume of 12,694,269 shares, compared to its average volume of 28,288,351. The company has a market capitalization of $1.93 trillion, a PE ratio of 19.70, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The business has a 50 day moving average price of $163.13 and a two-hundred day moving average price of $175.47.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results 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 return on equity of 32.49% and a net margin of 28.60%. As a group, research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.50%. Alphabet's payout ratio is 9.94%.

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.