Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 27.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 862,427 shares of the information services provider's stock after selling 323,226 shares during the period. Alphabet accounts for about 1.6% of Jupiter Asset Management Ltd.'s portfolio, making the stock its 5th biggest position. Jupiter Asset Management Ltd.'s holdings in Alphabet were worth $163,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Bennett Selby Investments LP boosted its position in Alphabet by 4.0% during the 4th quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock valued at $256,000 after acquiring an additional 52 shares in the last quarter. Macroview Investment Management LLC lifted its stake in shares of Alphabet by 4.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after purchasing an additional 52 shares during the last quarter. Conrad Siegel Investment Advisors Inc. lifted its stake in shares of Alphabet by 0.5% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock worth $1,864,000 after purchasing an additional 53 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in Alphabet by 2.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock valued at $457,000 after purchasing an additional 53 shares during the last quarter. Finally, Addison Advisors LLC grew its stake in Alphabet by 0.7% in the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock valued at $1,425,000 after purchasing an additional 53 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, Director John L. Hennessy sold 200 shares of the stock in a transaction 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 sale, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 1,374 shares of Alphabet stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,606,213.28. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock worth $17,374,274 in the last quarter. 11.55% of the stock is owned by insiders.

Alphabet Stock Down 2.6 %

Alphabet stock traded down $4.42 during mid-day trading on Wednesday, hitting $166.14. The company had a trading volume of 13,291,069 shares, compared to its average volume of 25,831,595. 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 1 year low of $147.22 and a 1 year high of $207.05. The business has a fifty day moving average of $181.72 and a 200 day moving average of $176.86. The stock has a market cap of $2.03 trillion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 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%. On average, sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analyst Weigh In

GOOGL has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of Alphabet from $187.00 to $190.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. The Goldman Sachs Group reissued a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Roth Mkm reaffirmed a "buy" rating and issued a $220.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Citigroup reduced their price target on Alphabet from $232.00 to $229.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $225.00 price objective on shares of Alphabet in a research report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $210.59.

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.