Keeler Thomas Management LLC Sells 2,151 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Keeler Thomas Management LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 30,489 shares of the information services provider's stock after selling 2,151 shares during the period. Alphabet makes up 2.1% of Keeler Thomas Management LLC's investment portfolio, making the stock its 17th largest holding. Keeler Thomas Management LLC's holdings in Alphabet were worth $5,772,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GOOGL. Compass Planning Associates Inc acquired a new position in Alphabet during the fourth quarter worth $30,000. LMR Partners LLP purchased a new stake in shares of Alphabet during the 3rd quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock worth $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at about $39,000. Finally, PayPay Securities Corp lifted its stake in shares of Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after purchasing an additional 65 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 2.8 %

Shares of GOOGL stock traded down $4.61 during trading hours on Thursday, reaching $162.50. 22,727,306 shares of the stock traded hands, compared to its average volume of 29,886,938. The business has a fifty day moving average price of $186.76 and a 200 day moving average price of $176.48. Alphabet Inc. has a 1-year low of $140.03 and a 1-year high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.98 trillion, a PE ratio of 20.19, a PEG ratio of 1.34 and a beta of 1.02.

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

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Monday, March 10th. Alphabet's dividend payout ratio is currently 9.94%.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 16,820 shares of the business's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares of the company's stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 2,834 shares of Alphabet stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the sale, the chief accounting officer now owns 20,681 shares of the company's stock, valued at $4,085,531.55. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,682 shares of company stock valued at $17,901,024. Corporate insiders own 11.55% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GOOGL. Morgan Stanley reduced their price objective on Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Bank of America restated a "buy" rating and set a $210.00 target price on shares of Alphabet in a report on Monday, December 23rd. Stifel Nicolaus upped their price target on shares of Alphabet from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 13th. Robert W. Baird reissued an "outperform" rating and set a $205.00 price objective on shares of Alphabet in a research note on Tuesday, December 10th. Finally, KeyCorp upped their target price on Alphabet from $215.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $210.62.

Alphabet 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.