Second Half Financial Partners LLC Has $481,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Second Half Financial Partners LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 38.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,542 shares of the information services provider's stock after selling 1,567 shares during the period. Second Half Financial Partners LLC's holdings in Alphabet were worth $481,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Compass Planning Associates Inc acquired a new position in shares of Alphabet during the fourth quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. bought a new position in Alphabet in the 4th quarter worth approximately $39,000. PayPay Securities Corp grew its holdings in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after buying an additional 65 shares in the last quarter. Finally, Denver PWM LLC grew its position in Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 2,685,196 shares of the company's stock, valued at approximately $419,320,207.36. This represents a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 17,848 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders sold 148,163 shares of company stock valued at $25,361,647. Corporate insiders own 11.55% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Rosenblatt Securities reduced their target price on Alphabet from $205.00 to $189.00 and set a "neutral" rating for the company in a report on Friday. KeyCorp lifted their price target on Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday. Morgan Stanley lowered their target price on Alphabet from $210.00 to $185.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Cantor Fitzgerald lowered their target price on Alphabet from $200.00 to $159.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Sanford C. Bernstein lifted their target price on Alphabet from $165.00 to $185.00 and gave the company a "market perform" rating in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $198.89.

Alphabet Trading Down 0.3 %

Shares of GOOGL traded down $0.45 on Tuesday, reaching $160.16. 26,768,965 shares of the company's stock were exchanged, compared to its average volume of 28,221,080. 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 stock has a market capitalization of $1.95 trillion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The business has a 50 day moving average price of $161.69 and a two-hundred day moving average price of $175.60. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. Research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is presently 9.36%.

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.