Marathon Trading Investment Management LLC Sells 1,788 Shares of Alphabet Inc. (NASDAQ:GOOG)

Marathon Trading Investment Management LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 77.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 528 shares of the information services provider's stock after selling 1,788 shares during the period. Marathon Trading Investment Management LLC's holdings in Alphabet were worth $101,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fiduciary Advisors Inc. bought a new stake in Alphabet in the fourth quarter valued at $27,000. Weiss Asset Management LP bought a new stake in Alphabet in the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new position in Alphabet during the 3rd quarter valued at about $33,000. Noble Wealth Management PBC bought a new position in Alphabet in the 4th quarter worth about $43,000. Finally, FPC Investment Advisory Inc. increased its stake in shares of Alphabet by 287.9% in the fourth quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider's stock valued at $46,000 after purchasing an additional 167 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Alphabet Trading Up 1.7 %

NASDAQ GOOG traded up $2.89 on Wednesday, hitting $168.87. 11,700,557 shares of the stock were exchanged, compared to its average volume of 19,006,480. The company's 50-day moving average price is $188.87 and its two-hundred day moving average price is $178.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 52-week low of $140.01 and a 52-week high of $208.70. The company has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 1.34 and a beta of 1.03.

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Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. Research analysts predict that Alphabet Inc. will post 8.89 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 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's payout ratio is presently 9.94%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley reiterated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Needham & Company LLC restated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Wedbush restated an "outperform" rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Finally, Citizens Jmp cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $209.13.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 16,820 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company's stock, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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. This represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,182 shares of company stock worth $18,192,354. 12.99% of the stock is currently owned by company insiders.

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.