O ROURKE & COMPANY Inc lessened its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,430 shares of the information services provider's stock after selling 1,769 shares during the period. Alphabet accounts for about 1.5% of O ROURKE & COMPANY Inc's investment portfolio, making the stock its 17th biggest holding. O ROURKE & COMPANY Inc's holdings in Alphabet were worth $3,129,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of GOOG. Keystone Financial Group increased its position in Alphabet by 6.1% during the fourth quarter. Keystone Financial Group now owns 37,856 shares of the information services provider's stock worth $7,201,000 after acquiring an additional 2,171 shares during the period. Savvy Advisors Inc. increased its stake in Alphabet by 143.6% in the fourth quarter. Savvy Advisors Inc. now owns 29,850 shares of the information services provider's stock valued at $5,685,000 after acquiring an additional 17,594 shares during the period. Summit Investment Advisors Inc. raised its position in Alphabet by 1.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 210,576 shares of the information services provider's stock worth $40,102,000 after purchasing an additional 2,014 shares in the last quarter. Sanders Capital LLC boosted its holdings in Alphabet by 14.5% during the fourth quarter. Sanders Capital LLC now owns 33,504,543 shares of the information services provider's stock valued at $6,380,605,000 after purchasing an additional 4,247,379 shares in the last quarter. Finally, TT Capital Management LLC acquired a new position in shares of Alphabet in the 4th quarter worth approximately $1,393,000. 27.26% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms recently commented on GOOG. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Oppenheimer upped their price target on Alphabet from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Needham & Company LLC restated a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Benchmark reissued a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Scotiabank increased their target price on Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $208.71.
Get Our Latest Stock Report on Alphabet
Insider Buying and Selling at Alphabet
In other news, insider John Kent Walker sold 17,690 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the sale, the insider now owns 43,111 shares in the company, valued at $7,997,521.61. This trade represents a 29.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,663 shares of company stock valued at $20,286,447. Company insiders own 12.99% of the company's stock.
Alphabet Trading Down 2.0 %
NASDAQ GOOG traded down $3.18 during trading on Wednesday, hitting $155.50. The company had a trading volume of 16,903,668 shares, compared to its average volume of 19,400,727. The company's fifty day moving average is $169.17 and its 200-day moving average is $177.83. The company has a market cap of $1.90 trillion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio is presently 9.94%.
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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