Ossiam Sells 24,160 Shares of Alphabet Inc. (NASDAQ:GOOG)

Ossiam decreased its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 94.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,509 shares of the information services provider's stock after selling 24,160 shares during the period. Ossiam's holdings in Alphabet were worth $287,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GOOG. Fiduciary Advisors Inc. acquired a new position in Alphabet in the 4th quarter valued at approximately $27,000. LSV Asset Management bought a new stake in shares of Alphabet in the fourth quarter worth $27,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet in the fourth quarter valued at $38,000. Mountain Hill Investment Partners Corp. bought a new position in Alphabet during the 4th quarter worth $39,000. Finally, Noble Wealth Management PBC acquired a new position in Alphabet during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 200 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares of the company's stock, valued at $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total value of $5,075,200.00. Following the sale, the chief executive officer now owns 2,685,196 shares in the company, valued at $419,320,207.36. This trade represents a 1.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,163 shares of company stock valued at $25,361,647. Corporate insiders own 12.99% of the company's stock.

Alphabet Stock Up 1.5 %

NASDAQ GOOG traded up $2.38 during trading hours on Friday, hitting $163.85. The company's stock had a trading volume of 35,100,087 shares, compared to its average volume of 19,526,251. 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 company's 50-day simple moving average is $164.69 and its two-hundred day simple moving average is $177.17. The company has a market capitalization of $2.00 trillion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.77. The company had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is currently 9.94%.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of analyst reports. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. The Goldman Sachs Group restated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday. Cantor Fitzgerald reissued a "neutral" rating and set a $171.00 target price on shares of Alphabet in a research note on Friday. Finally, UBS Group cut their target price on Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a research report 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average target price of $203.94.

About Alphabet

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.