Syon Capital LLC Decreases Holdings in Alphabet Inc. (NASDAQ:GOOG)

Syon Capital LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,440 shares of the information services provider's stock after selling 2,460 shares during the period. Syon Capital LLC's holdings in Alphabet were worth $5,797,000 at the end of the most recent reporting period.

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

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet stock in a transaction on Monday, February 3rd. The stock was 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 trade represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,163 shares of company stock worth $25,361,647. Corporate insiders own 12.99% of the company's stock.

Alphabet Trading Up 1.5 %

NASDAQ:GOOG traded up $2.38 on Friday, hitting $163.85. The stock had a trading volume of 35,100,087 shares, compared to its average volume of 19,459,690. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The stock has a market cap of $2.00 trillion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.34 and a beta of 1.04. The company has a fifty day moving average price of $164.25 and a two-hundred day moving average price of $177.16. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

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

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's payout ratio is 9.94%.

Analyst Ratings Changes

GOOG has been the subject of a number of analyst reports. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Rosenblatt Securities restated a "neutral" rating on shares of Alphabet in a research note on Wednesday, March 19th. The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Oppenheimer lifted their price objective on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a report on Friday. Finally, Citigroup reaffirmed a "sell" rating on shares of Alphabet in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus 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.