Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,949,531 shares of the information services provider's stock after selling 122,332 shares during the quarter. Alphabet accounts for 2.3% of Los Angeles Capital Management LLC's portfolio, making the stock its 7th largest position. Los Angeles Capital Management LLC's holdings in Alphabet were worth $558,346,000 as of its most recent SEC filing.

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

Alphabet Price Performance

Shares of NASDAQ GOOGL traded up $2.73 during midday trading on Friday, reaching $165.49. The company's stock had a trading volume of 31,958,196 shares, compared to its average volume of 30,160,621. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average price of $186.22 and a 200 day moving average price of $176.39. Alphabet Inc. has a one year low of $140.03 and a one year high of $207.05. The company has a market cap of $2.02 trillion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02.

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Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results 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, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, March 10th. Alphabet's payout ratio is presently 9.94%.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 2,834 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares of the company's stock, valued at $4,085,531.55. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares of the company's stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,882 shares of company stock valued at $17,934,130. Corporate insiders own 11.55% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GOOGL. JPMorgan Chase & Co. decreased their price objective on shares of Alphabet from $232.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company raised their price objective on shares of Alphabet from $187.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Bank of America reissued a "buy" rating and set a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. KeyCorp raised their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an "overweight" rating in a report on Friday, January 10th. Finally, Needham & Company LLC reissued a "buy" rating and set a $225.00 price objective on shares of Alphabet in a report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $210.62.

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.