IHT Wealth Management LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 85,663 shares of the information services provider's stock after selling 12,624 shares during the quarter. IHT Wealth Management LLC's holdings in Alphabet were worth $16,216,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of GOOGL. Accredited Wealth Management LLC bought a new position in Alphabet during the 4th quarter worth about $521,000. Goldstream Capital Management Ltd grew its holdings in shares of Alphabet by 53.7% during the fourth quarter. Goldstream Capital Management Ltd now owns 3,535 shares of the information services provider's stock worth $669,000 after buying an additional 1,235 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Alphabet by 1.4% during the fourth quarter. Stifel Financial Corp now owns 6,406,516 shares of the information services provider's stock worth $1,212,783,000 after buying an additional 86,358 shares in the last quarter. Optivise Advisory Services LLC raised its position in Alphabet by 8.0% in the 4th quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider's stock valued at $1,035,000 after buying an additional 403 shares during the last quarter. Finally, Wealth Dimensions Group Ltd. boosted its position in Alphabet by 16.7% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 6,314 shares of the information services provider's stock worth $1,195,000 after acquiring an additional 904 shares during the last quarter. 40.03% of the stock is owned by institutional investors.
Alphabet Price Performance
GOOGL stock opened at $151.47 on Wednesday. The company's 50-day moving average price is $163.72 and its two-hundred day moving average price is $175.61. The firm has a market cap of $1.85 trillion, a P/E ratio of 18.82, a P/E/G ratio of 1.34 and a beta of 1.03. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.53%. Alphabet's dividend payout ratio is currently 9.94%.
Insider Activity at Alphabet
In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares of the company's stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 148,163 shares of company stock valued at $25,361,647 over the last ninety days. 11.55% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
GOOGL has been the topic of a number of research reports. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Piper Sandler reduced their price objective on shares of Alphabet from $208.00 to $185.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Morgan Stanley lowered their target price on Alphabet from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Wolfe Research increased their price target on Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $178.00 price target on shares of Alphabet in a research report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus price target of $200.74.
Check Out Our Latest Stock Analysis on Alphabet
Alphabet Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
