TD Waterhouse Canada Inc. Sells 2,804 Shares of Alphabet Inc. (NASDAQ:GOOG)

TD Waterhouse Canada Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 750,069 shares of the information services provider's stock after selling 2,804 shares during the period. Alphabet accounts for 1.2% of TD Waterhouse Canada Inc.'s portfolio, making the stock its 22nd largest holding. TD Waterhouse Canada Inc.'s holdings in Alphabet were worth $142,836,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC boosted its holdings in Alphabet by 6.8% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock worth $3,094,000 after purchasing an additional 1,041 shares in the last quarter. North Forty Two & Co. acquired a new stake in shares of Alphabet in the fourth quarter worth about $281,000. SageView Advisory Group LLC boosted its stake in shares of Alphabet by 140.6% during the 4th quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider's stock worth $2,806,000 after acquiring an additional 8,610 shares in the last quarter. Requisite Capital Management LLC acquired a new position in shares of Alphabet during the 4th quarter valued at about $927,000. Finally, Nordea Investment Management AB raised its stake in shares of Alphabet by 10.9% in the 4th quarter. Nordea Investment Management AB now owns 7,184,399 shares of the information services provider's stock valued at $1,384,039,000 after acquiring an additional 704,875 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on GOOG. Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. UBS Group decreased their price target on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $171.00 price target on shares of Alphabet in a research report on Friday. Finally, Needham & Company LLC reissued a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.00.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 17,690 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the transaction, the insider now directly owns 43,111 shares of the company's stock, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,163 shares of company stock valued at $25,361,647. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Shares of GOOG traded up $2.30 during trading hours on Friday, hitting $163.77. The stock had a trading volume of 25,941,935 shares, compared to its average volume of 19,492,064. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 1.34 and a beta of 1.04. The company's fifty day moving average is $164.69 and its two-hundred day moving average is $177.17. 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 issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.77. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. On average, analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given 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 0.49%. Alphabet's payout ratio is 9.94%.

Alphabet Company 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.