Hirtle Callaghan & Co LLC Sells 10,709 Shares of Alphabet Inc. (NASDAQ:GOOG)

Hirtle Callaghan & Co LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 14.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,720 shares of the information services provider's stock after selling 10,709 shares during the quarter. Alphabet makes up 0.5% of Hirtle Callaghan & Co LLC's holdings, making the stock its 27th largest holding. Hirtle Callaghan & Co LLC's holdings in Alphabet were worth $11,754,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sterling Financial Planning Inc. raised its stake in shares of Alphabet by 2.6% in the 4th quarter. Sterling Financial Planning Inc. now owns 1,941 shares of the information services provider's stock worth $370,000 after buying an additional 50 shares in the last quarter. Arlington Trust Co LLC grew its holdings in Alphabet by 0.4% during the fourth quarter. Arlington Trust Co LLC now owns 14,423 shares of the information services provider's stock worth $2,747,000 after acquiring an additional 52 shares during the period. Harrell Investment Partners LLC raised its position in Alphabet by 0.9% in the fourth quarter. Harrell Investment Partners LLC now owns 5,659 shares of the information services provider's stock worth $1,078,000 after acquiring an additional 53 shares in the last quarter. Ethos Financial Group LLC raised its position in Alphabet by 0.7% in the fourth quarter. Ethos Financial Group LLC now owns 7,300 shares of the information services provider's stock worth $1,395,000 after acquiring an additional 53 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. lifted its holdings in Alphabet by 1.1% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,073 shares of the information services provider's stock valued at $966,000 after acquiring an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

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Analyst Ratings Changes

Several brokerages have recently issued reports on GOOG. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Alphabet in a research note on Wednesday, March 19th. Oppenheimer lifted their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Benchmark reiterated a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Finally, Wedbush reaffirmed an "outperform" rating and set a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $209.13.

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 29,066 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the sale, the director now owns 272,466 shares of the company's stock, valued at $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,048 shares of company stock worth $17,374,274. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Up 1.7 %

GOOG traded up $2.86 during trading on Tuesday, reaching $172.79. 13,791,642 shares of the stock traded hands, compared to its average volume of 17,844,933. The stock's 50-day simple moving average is $183.93 and its two-hundred day simple moving average is $178.30. 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 fifty-two week low of $148.20 and a fifty-two week high of $208.70. The stock has a market cap of $2.11 trillion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03.

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 return on equity of 32.49% and a net margin of 28.60%. As a group, equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. Alphabet's dividend payout ratio (DPR) is 9.94%.

Alphabet Company 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.