OneDigital Investment Advisors LLC Has $22.04 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

OneDigital Investment Advisors LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,743 shares of the information services provider's stock after selling 10,483 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Alphabet were worth $22,042,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $5,166,070,000. Raymond James Financial Inc. purchased a new position in Alphabet during the 4th quarter valued at $1,551,533,000. GQG Partners LLC raised its holdings in Alphabet by 181,679.1% in the 4th quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider's stock worth $1,376,066,000 after purchasing an additional 7,221,746 shares in the last quarter. Capital International Investors lifted its position in shares of Alphabet by 6.7% in the 4th quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock worth $17,376,706,000 after purchasing an additional 5,758,244 shares during the period. Finally, Proficio Capital Partners LLC lifted its position in shares of Alphabet by 5,712.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,367,831 shares of the information services provider's stock worth $831,810,000 after purchasing an additional 4,292,689 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GOOG. Citizens Jmp cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Benchmark reissued a "negative" rating on shares of Alphabet in a report on Wednesday, February 5th. Rosenblatt Securities reissued a "neutral" rating on shares of Alphabet in a research report on Wednesday, March 19th. Finally, UBS Group decreased their target price on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $208.38.

Alphabet Price Performance

Alphabet stock traded up $4.07 during mid-day trading on Wednesday, hitting $157.97. 18,541,470 shares of the company were exchanged, compared to its average volume of 19,418,614. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The company has a market capitalization of $1.93 trillion, a P/E ratio of 19.62, a PEG ratio of 1.34 and a beta of 1.04. The business's 50 day simple moving average is $165.77 and its two-hundred day simple moving average is $177.32. 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 (NASDAQ:GOOG - Get Free Report) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS 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%. Analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.51%. Alphabet's payout ratio is 9.94%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now owns 43,111 shares in the company, valued at $7,997,521.61. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 148,163 shares of company stock valued at $25,361,647 over the last ninety days. Corporate insiders own 12.99% of the company's stock.

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.