Kestra Advisory Services LLC Sells 47,641 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Kestra Advisory Services LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 570,829 shares of the information services provider's stock after selling 47,641 shares during the quarter. Alphabet accounts for 0.6% of Kestra Advisory Services LLC's portfolio, making the stock its 22nd largest position. Kestra Advisory Services LLC's holdings in Alphabet were worth $108,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bennett Selby Investments LP grew its holdings in shares of 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 raised its holdings in shares of Alphabet by 4.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after acquiring an additional 52 shares in the last quarter. Conrad Siegel Investment Advisors Inc. boosted its position in Alphabet by 0.5% during the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock valued at $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 in the last quarter. Finally, Addison Advisors LLC increased its position in Alphabet by 0.7% in the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

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Alphabet Price Performance

Shares of GOOGL stock traded down $7.91 during trading hours on Friday, hitting $154.33. The company had a trading volume of 48,610,349 shares, compared to its average volume of 27,276,841. Alphabet Inc. has a 12 month low of $147.22 and a 12 month high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm's fifty day moving average is $179.66 and its 200 day moving average is $177.10. The firm has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 19.17, 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 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS 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 dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GOOGL. DA Davidson lifted their price target on Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, January 24th. Needham & Company LLC reiterated a "buy" rating and issued a $225.00 target price on shares of Alphabet in a research note on Wednesday, February 5th. Wolfe Research boosted their target price on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Roth Mkm restated a "buy" rating and set a $220.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Finally, Robert W. Baird reiterated an "outperform" rating and issued a $205.00 price objective on shares of Alphabet in a report on Tuesday, December 10th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $210.59.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 1,368 shares of Alphabet stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares of the company's stock, valued at $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,812 shares of company stock valued at $19,336,979 in the last ninety days. Insiders own 11.55% of the company's stock.

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.