Rosenblum Silverman Sutton S F Inc. CA Trims Holdings in Alphabet Inc. (NASDAQ:GOOG)

Rosenblum Silverman Sutton S F Inc. CA lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,677 shares of the information services provider's stock after selling 2,710 shares during the quarter. Alphabet makes up about 2.0% of Rosenblum Silverman Sutton S F Inc. CA's portfolio, making the stock its 17th biggest position. Rosenblum Silverman Sutton S F Inc. CA's holdings in Alphabet were worth $8,127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Weiss Asset Management LP bought a new stake in shares of Alphabet in the 3rd quarter valued at about $25,000. Fiduciary Advisors Inc. purchased a new stake in Alphabet during the fourth quarter valued at approximately $27,000. Safe Harbor Fiduciary LLC acquired a new stake in Alphabet in the third quarter valued at approximately $33,000. WealthTrak Capital Management LLC purchased a new position in Alphabet in the fourth quarter worth $38,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Alphabet in the fourth quarter worth $39,000. 27.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now owns 21,824 shares in the company, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 17,690 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the sale, the insider now directly owns 43,111 shares of the company's stock, valued at $7,997,521.61. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,797 shares of company stock worth $21,089,470. Company insiders own 12.99% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GOOG shares. Oppenheimer raised their price objective on Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Morgan Stanley reissued an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. The Goldman Sachs Group restated a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Rosenblatt Securities reaffirmed a "neutral" rating on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Scotiabank boosted their target price on shares of Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $208.65.

Alphabet Price Performance

Shares of GOOG stock traded down $4.89 during mid-day trading on Friday, hitting $147.74. 39,777,547 shares of the stock were exchanged, compared to its average volume of 19,028,653. Alphabet Inc. has a 52-week low of $147.54 and a 52-week high of $208.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.80 trillion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. The firm has a fifty day moving average of $177.04 and a 200 day moving average of $178.43.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The business 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. This represents a $0.80 annualized dividend and a yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is presently 9.94%.

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.