Haverford Trust Co Decreases Holdings in Alphabet Inc. (NASDAQ:GOOG)

Haverford Trust Co lowered its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,316 shares of the information services provider's stock after selling 2,608 shares during the period. Haverford Trust Co's holdings in Alphabet were worth $18,914,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GOOG. Weiss Asset Management LP bought a new stake in Alphabet during the third quarter worth about $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet during the 4th quarter worth approximately $27,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $33,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC bought a new position in Alphabet in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Performance

Shares of Alphabet stock traded down $3.06 during trading hours on Thursday, hitting $164.08. 21,538,119 shares of the company's stock traded hands, compared to its average volume of 17,866,353. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 12-month low of $148.20 and a 12-month high of $208.70. The company has a fifty day simple moving average of $182.36 and a 200-day simple moving average of $178.26.

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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 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%. Equities research analysts anticipate 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 was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. Alphabet's payout ratio is presently 9.94%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GOOG. Wedbush restated an "outperform" rating and set a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Scotiabank upped their price objective on Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 24th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Alphabet in a research report on Wednesday, March 19th. Rosenblatt Securities reissued a "neutral" rating on shares of Alphabet in a report on Wednesday, March 19th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.13.

Insider Activity

In related news, insider John Kent Walker sold 16,820 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now owns 43,981 shares of the company's stock, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company's stock, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,812 shares of company stock valued at $19,336,979 in the last 90 days. Insiders own 12.99% of the company's stock.

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.