Alphabet Inc. (NASDAQ:GOOG) Shares Sold by DDD Partners LLC

DDD Partners LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 117,200 shares of the information services provider's stock after selling 7,064 shares during the period. Alphabet accounts for approximately 2.7% of DDD Partners LLC's holdings, making the stock its 11th biggest position. DDD Partners LLC's holdings in Alphabet were worth $22,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. M&G PLC purchased a new stake in Alphabet during the third quarter valued at $2,240,000. GPS Wealth Strategies Group LLC raised its position in shares of Alphabet by 6.8% during 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 buying an additional 1,041 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of 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 acquiring an additional 14,738 shares during the last quarter. Metis Global Partners LLC grew its position in Alphabet by 1.4% in the third quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider's stock worth $50,488,000 after acquiring an additional 4,292 shares in the last quarter. Finally, Requisite Capital Management LLC purchased a new position in Alphabet in the fourth quarter worth about $927,000. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 1,367 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 1,500 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the transaction, the director now owns 23,324 shares in the company, valued at $4,529,987.28. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 116,609 shares of company stock worth $21,809,990. 12.99% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GOOG shares. Oppenheimer increased their target price 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. Canaccord Genuity Group increased their price objective on shares of Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Jefferies Financial Group increased their price target on Alphabet from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Scotiabank boosted their price objective on Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $209.13.

Alphabet Stock Down 2.7 %

GOOG traded down $5.06 on Friday, hitting $181.58. The company had a trading volume of 19,447,412 shares, compared to its average volume of 17,667,480. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $208.70. The stock has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 22.56, a P/E/G ratio of 1.35 and a beta of 1.00. 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 fifty day moving average price of $194.22 and a 200-day moving average price of $177.08.

Alphabet (NASDAQ:GOOG - Get Free Report) last released 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%. Analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, March 10th. Alphabet's dividend payout ratio (DPR) is 9.94%.

About Alphabet

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.