Compass Ion Advisors LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,689 shares of the information services provider's stock after selling 1,969 shares during the period. Compass Ion Advisors LLC's holdings in Alphabet were worth $2,213,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. Schear Investment Advisers LLC increased its stake in shares of Alphabet by 17.0% in the third quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock worth $5,598,000 after purchasing an additional 4,905 shares in the last quarter. Permanent Capital Management LP purchased a new stake in shares of Alphabet during the fourth quarter worth about $273,000. Landscape Capital Management L.L.C. raised its stake in Alphabet by 27.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock valued at $4,192,000 after purchasing an additional 5,516 shares during the period. Glass Wealth Management Co LLC lifted its holdings in Alphabet by 4.5% in the 4th quarter. Glass Wealth Management Co LLC now owns 37,054 shares of the information services provider's stock worth $7,014,000 after purchasing an additional 1,580 shares in the last quarter. Finally, Olistico Wealth LLC boosted its stake in Alphabet by 9.1% in the 4th quarter. Olistico Wealth LLC now owns 8,981 shares of the information services provider's stock worth $1,700,000 after purchasing an additional 746 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.
Alphabet Stock Up 0.2 %
Shares of GOOGL traded up $0.31 during midday trading on Monday, reaching $154.64. 54,538,931 shares of the stock were exchanged, compared to its average volume of 27,385,488. 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's 50 day moving average is $179.66 and its two-hundred day moving average is $177.10. The company has a market capitalization of $1.89 trillion, a P/E ratio of 19.21, a PEG ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 52 week low of $147.22 and a 52 week high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its 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 net margin of 28.60% and a return on equity of 32.49%. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. Alphabet's dividend payout ratio is currently 9.94%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on GOOGL shares. JPMorgan Chase & Co. lowered their target price on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Piper Sandler decreased their price target on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus raised their price objective on Alphabet from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Wells Fargo & Company decreased their target price on Alphabet from $184.00 to $167.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, DZ Bank cut Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target for the company. in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $209.49.
Check Out Our Latest Research Report on GOOGL
Insider Buying and Selling at Alphabet
In other news, CAO Amie Thuener O'toole sold 1,368 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $3,961,445.55. This trade represents a 6.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the transaction, the director now owns 21,824 shares of the company's stock, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,992 shares of company stock valued at $16,097,111. 11.55% of the stock is currently owned by corporate insiders.
About Alphabet
(
Free Report)
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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