Alphabet Inc. (NASDAQ:GOOG) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 161,748 shares of the information services provider's stock after selling 2,484 shares during the quarter. First Horizon Advisors Inc.'s holdings in Alphabet were worth $30,803,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. 44 Wealth Management LLC increased its stake in Alphabet by 3.1% in the fourth quarter. 44 Wealth Management LLC now owns 4,346 shares of the information services provider's stock valued at $828,000 after purchasing an additional 129 shares during the period. Turning Point Benefit Group Inc. acquired a new position in Alphabet in the fourth quarter valued at $429,000. Oxbow Advisors LLC increased its stake in Alphabet by 7.1% in the fourth quarter. Oxbow Advisors LLC now owns 145,205 shares of the information services provider's stock valued at $27,653,000 after purchasing an additional 9,624 shares during the period. Carl P. Sherr & Co. LLC increased its stake in Alphabet by 1.3% in the fourth quarter. Carl P. Sherr & Co. LLC now owns 12,934 shares of the information services provider's stock valued at $2,463,000 after purchasing an additional 170 shares during the period. Finally, Winebrenner Capital Management LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at about $2,400,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ GOOG traded up $2.01 on Friday, hitting $172.22. The company's stock had a trading volume of 30,019,942 shares, compared to its average volume of 18,461,348. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $208.70. The company has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.34 and a beta of 1.00. 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 50 day moving average of $192.17 and a 200-day moving average of $177.65.

Remove Ads

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, research analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 0.46%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analyst Weigh In

GOOG has been the topic of several analyst reports. Scotiabank lifted their target price on shares of Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a report on Friday, January 24th. Benchmark reaffirmed a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Oppenheimer lifted their target price on shares of Alphabet from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $209.13.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 16,820 shares of the business's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value 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 $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares of the company's stock, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,309 shares of company stock valued at $25,057,490 over the last quarter. 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.