Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Csenge Advisory Group

Csenge Advisory Group trimmed its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 30.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,997 shares of the information services provider's stock after selling 6,644 shares during the quarter. Csenge Advisory Group's holdings in Alphabet were worth $2,856,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. M&G PLC acquired a new position in Alphabet in the 3rd quarter valued at about $2,240,000. GPS Wealth Strategies Group LLC boosted its holdings in Alphabet by 6.8% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock valued at $3,094,000 after purchasing an additional 1,041 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Alphabet by 14.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider's stock valued at $19,642,000 after purchasing an additional 14,738 shares during the last quarter. Metis Global Partners LLC raised its stake in shares of Alphabet by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider's stock valued at $50,488,000 after acquiring an additional 4,292 shares during the period. Finally, Requisite Capital Management LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at approximately $927,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Pivotal Research boosted their price target on shares of Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Oppenheimer boosted their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. UBS Group boosted their price target on shares of Alphabet from $187.00 to $192.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Finally, Wedbush reissued an "outperform" rating and issued a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $209.13.

Alphabet Stock Down 2.4 %

Shares of NASDAQ:GOOG traded down $4.49 during trading hours on Friday, reaching $182.15. The stock had a trading volume of 11,208,700 shares, compared to its average volume of 17,409,787. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $208.70. The firm's 50 day moving average is $194.22 and its 200-day moving average is $177.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 1.35 and a beta of 1.00.

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, 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%. Research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet's payout ratio is 9.94%.

Insider Activity

In other news, CAO Amie Thuener O'toole sold 1,367 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 16,820 shares of the company's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares of the company's stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,609 shares of company stock worth $21,809,990. Corporate insiders own 12.99% of the company's stock.

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.