Lauer Wealth LLC lessened its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 21.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,074 shares of the information services provider's stock after selling 1,700 shares during the period. Alphabet makes up about 0.8% of Lauer Wealth LLC's investment portfolio, making the stock its 18th biggest holding. Lauer Wealth LLC's holdings in Alphabet were worth $1,157,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Weiss Asset Management LP acquired a new position in shares of Alphabet in the 3rd quarter valued at approximately $25,000. Abich Financial Wealth Management LLC boosted its holdings in shares of Alphabet by 9,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider's stock valued at $34,000 after buying an additional 184 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in shares of Alphabet in the third quarter valued at approximately $33,000. HWG Holdings LP bought a new stake in shares of Alphabet during the second quarter worth $40,000. Finally, Sanctuary Wealth Management L.L.C. raised its holdings in shares of Alphabet by 87.3% during the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider's stock worth $42,000 after acquiring an additional 117 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Alphabet
In other news, Director John L. Hennessy sold 1,500 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares of the company's stock, valued at $4,142,195.20. This represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 2,834 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at $4,085,531.55. The trade was a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,387 shares of company stock valued at $24,368,654. 12.99% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
GOOG has been the subject of a number of research reports. Scotiabank initiated coverage on Alphabet in a report on Friday, October 11th. They set a "sector outperform" rating and a $212.00 target price for the company. Pivotal Research lifted their target price on Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Wells Fargo & Company upped their price target on Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Citigroup raised their price target on shares of Alphabet from $212.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price objective on shares of Alphabet from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $200.56.
Read Our Latest Stock Report on Alphabet
Alphabet Stock Performance
NASDAQ GOOG traded up $3.14 during trading on Friday, reaching $197.55. The company's stock had a trading volume of 21,974,853 shares, compared to its average volume of 16,381,408. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99. The firm has a 50 day moving average price of $185.92 and a 200 day moving average price of $174.85. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $202.88.
Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. Alphabet's revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.55 earnings per share. As a group, equities analysts anticipate that Alphabet Inc. will post 8.03 EPS for the current fiscal year.
Alphabet Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet's payout ratio is 10.61%.
Alphabet Profile
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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.
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