F M Investments LLC Lowers Position in Alphabet Inc. (NASDAQ:GOOG)

F M Investments LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 55.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,184 shares of the information services provider's stock after selling 27,107 shares during the quarter. F M Investments LLC's holdings in Alphabet were worth $4,225,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fiduciary Advisors Inc. purchased a new position in Alphabet in the fourth quarter worth $27,000. WealthTrak Capital Management LLC purchased a new position in Alphabet during the 4th quarter worth $38,000. Mountain Hill Investment Partners Corp. acquired a new position in Alphabet during the 4th quarter valued at about $39,000. Noble Wealth Management PBC purchased a new stake in Alphabet in the fourth quarter valued at about $43,000. Finally, Sellwood Investment Partners LLC acquired a new stake in Alphabet in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. UBS Group decreased their price target on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday. Benchmark reiterated a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Rosenblatt Securities reissued a "neutral" rating on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Citizens Jmp cut Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $208.71.

Alphabet Price Performance

GOOG stock traded down $2.39 during trading on Tuesday, hitting $159.08. The stock had a trading volume of 6,702,074 shares, compared to its average volume of 19,367,030. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The company's 50-day moving average price is $169.86 and its two-hundred day moving average price is $177.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 19.76, a PEG ratio of 1.34 and a beta of 1.04.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.50%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 2,834 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares of the company's stock, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the transaction, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,497 shares of company stock valued at $20,837,150. 12.99% of the stock is currently owned by insiders.

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.