Householder Group Estate & Retirement Specialist LLC Lowers Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Householder Group Estate & Retirement Specialist LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 78.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,167 shares of the information services provider's stock after selling 7,787 shares during the period. Householder Group Estate & Retirement Specialist LLC's holdings in Alphabet were worth $410,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. LMR Partners LLP acquired a new stake in Alphabet during the 3rd quarter valued at approximately $32,000. Denver PWM LLC boosted its stake in shares of Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after purchasing an additional 57 shares during the last quarter. Quarry LP acquired a new stake in shares of Alphabet during the second quarter worth $53,000. Teachers Insurance & Annuity Association of America bought a new position in Alphabet during the third quarter worth $66,000. Finally, Mendota Financial Group LLC lifted its holdings in Alphabet by 19.0% in the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider's stock valued at $67,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL traded up $3.09 during mid-day trading on Monday, reaching $196.00. 27,621,897 shares of the company's stock were exchanged, compared to its average volume of 23,105,888. The firm has a 50-day moving average price of $184.43 and a two-hundred day moving average price of $173.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $201.42.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Analysts predict that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.41%. Alphabet's payout ratio is 10.61%.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. The trade was a 1.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the sale, the chief accounting officer now directly owns 26,349 shares in the company, valued at $4,516,745.58. The trade was a 4.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,387 shares of company stock valued at $24,368,654. Company insiders own 11.55% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Alphabet from $212.00 to $232.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Scotiabank raised Alphabet to a "strong-buy" rating in a research note on Friday, October 11th. Truist Financial increased their price target on Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Finally, Wolfe Research increased their target price on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $208.15.

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.