Alphabet Inc. (NASDAQ:GOOG) Holdings Reduced by Capital Counsel LLC NY

Capital Counsel LLC NY trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,334,720 shares of the information services provider's stock after selling 13,625 shares during the quarter. Alphabet accounts for about 10.9% of Capital Counsel LLC NY's investment portfolio, making the stock its biggest position. Capital Counsel LLC NY's holdings in Alphabet were worth $254,184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GPS Wealth Strategies Group LLC lifted its holdings in shares of Alphabet by 6.8% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock valued at $3,094,000 after buying an additional 1,041 shares during the period. North Forty Two & Co. bought a new stake in shares of Alphabet in the 4th quarter worth approximately $281,000. SageView Advisory Group LLC lifted its stake in Alphabet by 140.6% during the fourth quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider's stock valued at $2,806,000 after purchasing an additional 8,610 shares during the last quarter. Requisite Capital Management LLC acquired a new position in Alphabet in the fourth quarter worth approximately $927,000. Finally, Nordea Investment Management AB boosted its stake in shares of Alphabet by 10.9% during the 4th quarter. Nordea Investment Management AB now owns 7,184,399 shares of the information services provider's stock worth $1,384,039,000 after acquiring an additional 704,875 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 29,066 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the sale, the director now directly owns 272,466 shares of the company's stock, valued at $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction 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 transaction, the chief accounting officer now owns 15,303 shares of the company's stock, valued at $2,377,014.99. This trade represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,163 shares of company stock worth $25,361,647. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GOOG shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Rosenblatt Securities reiterated a "neutral" rating on shares of Alphabet in a report on Wednesday, March 19th. Wedbush reissued an "outperform" rating and issued a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Finally, Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.88.

Alphabet Trading Down 1.4 %

Shares of GOOG stock traded down $2.14 on Friday, reaching $153.36. The company had a trading volume of 19,461,666 shares, compared to its average volume of 19,427,163. The company has a 50-day moving average of $167.16 and a 200-day moving average of $177.55. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The stock has a market cap of $1.87 trillion, a PE ratio of 19.05, a PEG ratio of 1.34 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating 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%. On average, equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current 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. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is currently 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.