MBA Advisors LLC Sells 1,963 Shares of Alphabet Inc. (NASDAQ:GOOGL)

MBA Advisors LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,936 shares of the information services provider's stock after selling 1,963 shares during the period. Alphabet makes up approximately 0.8% of MBA Advisors LLC's investment portfolio, making the stock its 28th largest holding. MBA Advisors LLC's holdings in Alphabet were worth $1,692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of Alphabet by 27.4% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 22,355 shares of the information services provider's stock valued at $3,708,000 after purchasing an additional 4,811 shares in the last quarter. Occidental Asset Management LLC lifted its holdings in shares of Alphabet by 10.4% in the third quarter. Occidental Asset Management LLC now owns 5,787 shares of the information services provider's stock valued at $960,000 after purchasing an additional 543 shares in the last quarter. Boomfish Wealth Group LLC lifted its holdings in shares of Alphabet by 4.8% in the third quarter. Boomfish Wealth Group LLC now owns 2,167 shares of the information services provider's stock valued at $359,000 after purchasing an additional 100 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. raised its holdings in Alphabet by 1.3% during the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 38,192 shares of the information services provider's stock worth $6,380,000 after acquiring an additional 506 shares in the last quarter. Finally, TTP Investments Inc. raised its holdings in Alphabet by 20.2% during the third quarter. TTP Investments Inc. now owns 17,704 shares of the information services provider's stock worth $2,936,000 after acquiring an additional 2,975 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 1,367 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares of the company's stock, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the transaction, the director now directly owns 23,324 shares in the company, valued at approximately $4,529,987.28. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,299 shares of company stock valued at $25,055,751. 11.55% of the stock is owned by corporate insiders.

Alphabet Trading Down 2.7 %

NASDAQ GOOGL traded down $4.90 on Friday, reaching $179.66. The company had a trading volume of 35,094,289 shares, compared to its average volume of 28,166,218. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The business has a 50 day moving average of $192.46 and a two-hundred day moving average of $175.69. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $207.05. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS 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%. Analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.45%. Alphabet's payout ratio is 9.94%.

Analyst Ratings Changes

Several research firms recently issued reports on GOOGL. Bank of America reiterated a "buy" rating and set a $210.00 target price on shares of Alphabet in a report on Monday, December 23rd. Wolfe Research boosted their price target on Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Piper Sandler lowered their price target on Alphabet from $210.00 to $208.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. DZ Bank downgraded Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price target on the stock. in a research report on Thursday, February 6th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $217.00 price target (up previously from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Ten 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.