One Capital Management LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,761 shares of the information services provider's stock after selling 3,299 shares during the quarter. One Capital Management LLC's holdings in Alphabet were worth $6,770,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of GOOGL. Bennett Selby Investments LP increased its position in shares of Alphabet by 4.0% during the 4th quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock valued at $256,000 after purchasing an additional 52 shares during the last quarter. Macroview Investment Management LLC boosted its holdings in Alphabet by 4.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock valued at $245,000 after acquiring an additional 52 shares during the period. Conrad Siegel Investment Advisors Inc. boosted its holdings in Alphabet by 0.5% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock valued at $1,864,000 after acquiring an additional 53 shares during the period. Cornerstone Planning Group LLC boosted its holdings in Alphabet by 2.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock valued at $457,000 after acquiring an additional 53 shares during the period. Finally, Addison Advisors LLC boosted its holdings in Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock valued at $1,425,000 after acquiring an additional 53 shares during the period. 40.03% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on GOOGL. Roth Mkm restated a "buy" rating and set a $220.00 price objective on shares of Alphabet in a report on Wednesday. Bank of America restated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a report on Monday, December 23rd. JPMorgan Chase & Co. dropped their price objective on Alphabet from $232.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Wedbush upped their target price on Alphabet from $210.00 to $220.00 and gave the stock an "outperform" rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a report on Thursday, December 12th. 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $210.59.
Get Our Latest Stock Analysis on GOOGL
Alphabet Stock Performance
Shares of GOOGL stock traded up $1.19 during mid-day trading on Friday, reaching $163.99. The stock had a trading volume of 36,577,258 shares, compared to its average volume of 25,884,571. The business's fifty day moving average is $182.57 and its 200-day moving average is $176.38. 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 firm has a market cap of $2.00 trillion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 1-year low of $147.22 and a 1-year high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. Alphabet's payout ratio is 9.94%.
Insider Transactions at Alphabet
In other Alphabet news, Director John L. Hennessy sold 200 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the transaction, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock worth $17,374,274 over the last quarter. 11.55% of the stock is currently owned by insiders.
About Alphabet
(
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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